Bit One Group Co., Ltd. (hereinafter referred to as "the Company" has a 
business alliance (hereinafter referred to as "this business alliance") with 
Viettel Business Solutions Corporation (hereinafter referred to as "Viettel 
BS") for businesses related to the integration of 5G and AI technology 
(hereinafter referred to as "5G/ AI-related businesses"). Bit One Group is 
pleased to announce that the Company has signed a memorandum of understanding 
(hereinafter referred to as "this memorandum") for starting negotiations and 
discussions to conclude the agreement (hereinafter referred to as "this 
business alliance agreement").

1.     Purpose of this Memorandum

As stated in the "Financial Results for the Fiscal Year Ending February 2020 
(Japanese Standard)" released on the April 10, the Group will implement 5G/ 
AI-related businesses for the current fiscal year (1st March 2020 - 28th 
February 2021) as a new management policy. Bit One Group has stated that the 
Company will do the best to launch it during the period. 

Under such circumstances, the Company has signed this memorandum of 
understanding with Viettel BS, a branch of Viettel Telecom Group (Vietnam 
Communication), in order to enter into negotiations and discussions regarding 
this business alliance. 

2.      Details of this Business Alliance 

Viettel BS and Bit One Group will be involved in (i) sales of communication 
equipment, design and implementation of applying AI to telecommunications 
networks; (ii) smart city construction – 5G and AI-based online (IoT) services; 
(iii) distribution of IoT equipment; (iv) trading of data and voice business; 
(v) the Company plans to form a business alliance for various 5G/AI-related 
businesses that the Company aims to lunch, such as construction and operation 
of Internet data centers, etc. The details of this business alliance will be 
negotiated between the parties and a legally binding business alliance 
agreement will be concluded.

3.      Viettel BS Overview

1. Name                 Viettel Business Solutions Corporation – Branch of 
Viettel Telecom Group

2. Location             No.1 Tran Huu Duc street, My Dinh 2 ward, Nam Tu Liem 
District, Hanoi, Vietnam
 
3. Title and Name of    Director Nguyen Manh Ho
   Representative
 
4.Business Description  B2B ICT (Information and Communication Technology) 
solution business
 
4.      Schedule

The Company and Viettel BS will discuss with each other to reach an agreement 
on the detailed terms of this business alliance promptly after this memorandum.

[Bit One Group Co., Ltd. Company Profile]

-Company Name: Bit One Group Co., Ltd. (TSE Second Section Code No. 2338) 
-Location: 1-10-9 Kudankita, Chiyoda-ku, Tokyo 
-Representative: Representative Director Shao Yun 
-Initial Capital: 2,497,110,000 yen 
-Business: Content Development and Distribution 
-Description: Software Contract Development 
-Company URL: https://www.bitone-g.co.jp/

SOURCE: BitOne Group Company Limited