Mega Matrix Inc. Attended China-UAE Industry and Investment Cooperation Conference to Further Deepen Middle East Short Drama Strategy

Rhea-AI Summary

Mega Matrix (NYSE American: MPU) attended the China-UAE Industry and Investment Cooperation Conference in Shanghai on January 7, 2025. The event, co-hosted by the UAE Ministry of Investment and Minsheng Securities, focused on exploring overseas markets and building cooperation between Chinese and UAE enterprises.

Carol Wang, CFO of MPU FlexTV, participated in discussions with government officials and business leaders. The UAE officials highlighted their investment advantages, including low taxes, 100% foreign ownership, AA sovereign credit rating, and over 40 free trade zones.

Prior to the conference, MPU had signed an MOU with UAE's 9yards Cinema Production to establish a short drama investment fund. The company's participation aims to strengthen its presence in the UAE pan-entertainment sector and expand its global short drama business as the first short drama stock listed on the US market.

Positive

• Signed MOU with UAE's 9yards Cinema Production for short drama investment fund
• Strategic expansion into UAE market with favorable investment conditions

Negative

• None.

Insights

Market Research Analyst

The conference attendance, while demonstrating MPU's networking efforts in the UAE market, represents a preliminary step without immediate financial impact. The mentioned MOU with 9yards Cinema Production lacks important details about fund size, investment terms, or revenue projections. While the UAE market offers attractive features like tax benefits and full foreign ownership, the article provides no concrete business developments or material financial commitments.

The event primarily served as a relationship-building exercise, which, while potentially valuable for future opportunities, does not constitute market-moving news for investors. The absence of specific timelines, financial commitments, or binding agreements makes this a relationship-building event rather than an impactful business development.

SINGAPORE, Jan. 7, 2025 /PRNewswire/ -- Mega Matrix Inc. (NYSE American: MPU) announced that it attended the China (Shanghai)-UAE Industry and Investment Cooperation Conference, themed "Exploring Overseas Markets, Building a Prosperous Future Together," which was grandly held in Shanghai on January 7, 2025. Carol Wang, CFO of MPU FlexTV, was honored to attend the event, where she engaged with government officials, financial leaders, industry experts, and business elites from both China and the UAE to discuss investment opportunities and cooperation potential for Chinese enterprises in the UAE.

The conference was co-hosted by the UAE Ministry of Investment and Minsheng Securities, and organized by the UAE China Innovation Center. It attracted prominent figures such as His Excellency Mohammad Alhawi, Deputy Minister of the UAE Ministry of Investment, key officials from the Ministry of Investment, leading figures from UAE sovereign funds, and heads of major trade and economic departments from various emirates. The UAE government officials presented the advantages of the UAE's investment environment, which include low taxes, 100% foreign ownership, an AA sovereign credit rating, emphasis on intellectual property, cybersecurity, and worker protection, as well as over 40 free trade zones. These factors collectively create a robust and dynamic investment ecosystem, providing favorable macro conditions for deepening cooperation between China and the UAE, thus achieving mutual benefits and win-win outcomes.

The conference also included dedicated time for China-UAE businesses to engage in one-on-one discussions, providing more opportunities for cooperation. MPU had in-depth exchanges with various enterprises and institutions in the UAE, which not only added new dimensions to the company's global pan-entertainment investment strategy but also opened new paths for China-UAE cooperation in the pan-entertainment sector, signaling a broader future for cultural industry collaboration between the two nations.

Prior to the Middle East Investment Exchange, MPU had signed a Memorandum of Understanding (MOU) with UAE pan-entertainment giant 9yards Cinema Production to jointly establish a short drama investment fund. MPU's participation in this event not only further strengthened its cooperation with the UAE in the pan-entertainment investment field but also demonstrated MPU's active stance in China-UAE bilateral cooperation, as well as its firm determination to expand the globalization of its short drama business, being the first short drama stock listed on the US stock market.

About Mega Matrix Inc.: Mega Matrix Inc. (NYSE American: MPU) is a holding company and operates FlexTV, a short-video streaming platform and producer of short dramas, through its subsidiary, Yuder Pte, Ltd.. Mega Matrix Inc. is a Cayman Island corporation headquartered in Singapore. For more information, please contact info@megamatrix.io or visit: http://www.megamatrix.io.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements that are purely historical are forward looking statements. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose," and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees for future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: the ability to manage growth; ability to identify and integrate future acquisitions; ability to grow and expand our FlexTV business; ability to execute the strategic cooperation with TopReels, ability to obtain additional financing in the future to fund capital expenditures; ability to establish the investment fund with 9 Yards Communications under the memorandum of understanding; fluctuations in general economic and business conditions; costs or other factors adversely affecting the Company's profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic; the possibility that the Company may not succeed in developing its new lines of businesses due to, among other things, changes in the business environment, competition, changes in regulation, or other economic and policy factors; and the possibility that the Company's new lines of business may be adversely affected by other economic, business, and/or competitive factors. The forward-looking statements in this press release and the Company's future results of operations are subject to additional risks and uncertainties set forth under the "Risk Factors" in documents filed by the Company's predecessor, Mega Matrix Corp., with the Securities and Exchange Commission, including the Company's latest annual report on Form 10-K, as amended, and are based on information available to the Company on the date hereof. In addition, such risks and uncertainties include the Company's inability to predict or control bankruptcy proceedings and the uncertainties surrounding the ability to generate cash proceeds through the sale or other monetization of the Company's assets. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release.

Disclosure Channels

We announce material information about the Company and its services and for complying with our disclosure obligation under Regulation FD via the following social media channels:

(X/Twitter)	x.com/MegaMatrixMPU
Facebook:	facebook.com/megamatrixmpu facebook.com/flextvus
LinkedIn:	linkedin.com/company/megamatrixmpu
TikTok:	tiktok.com/@flextv_english
YouTube:	youtube.com/@FlexTV_English

The Company will also use its landing page on its corporate website (www.megamatrix.io) to host social media disclosures and/or links to/from such disclosures. The information we post through these social media channels may be deemed material. Accordingly, investors should monitor these social media channels in addition to following our website, press releases, SEC filings and public conference calls and webcasts. The social media channels that we intend to use as a means of disclosing the information described above may be updated from time to time as listed on our website.

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SOURCE Mega Matrix Inc.

FAQ

What strategic partnership did Mega Matrix (MPU) announce with UAE's 9yards Cinema Production?

Mega Matrix (MPU) signed a Memorandum of Understanding with UAE's 9yards Cinema Production to jointly establish a short drama investment fund.

What investment advantages does the UAE market offer to MPU's expansion plans?

The UAE market offers low taxes, 100% foreign ownership, AA sovereign credit rating, intellectual property protection, and over 40 free trade zones.

When did Mega Matrix (MPU) attend the China-UAE Industry and Investment Cooperation Conference?

Mega Matrix attended the conference on January 7, 2025, in Shanghai.

How is MPU positioning itself in the short drama market?

MPU positions itself as the first short drama stock listed on the US stock market, actively expanding its global short drama business through strategic partnerships.