An anonymous director reports

HELLO PAL PROVIDES CORPORATE UPDATE REGARDING OPERATIONS IN CHINA

Hello Pal International Inc. is no longer earning revenues in China due to regulatory changes.

There were recent changes in the Chinese regulations, which affected the company's ability to provide Chinese users with certain types of virtual gifts, specifically those that provided a lottery-style reward of gold coins. This type of gift has been a huge attraction for many Chinese users, and the withdrawal of these gifts caused a huge decline in the company's livestreaming revenue. As such, the company has decided to terminate its livestreaming business in China since it was no longer profitable. This change in regulation had the same effect on other business competitors, causing them to terminate their Chinese operations as well.

The company's overseas livestreaming business is not affected by these new regulations in China. Nevertheless, the company is exploring the opportunity to start a new livestreaming app that is targeted toward the Middle Eastern market.

The company's cryptocurrency mining operations remains stable and is sufficient to cover the company's loss after the recent changes in the company's business operations in China.

About Hello Pal International Inc.

The Hello Pal platform is a proprietary suite of mobile applications built on a user-friendly messaging interface that focuses on social interaction, language learning and travel. Hello Pal has been designed from the ground up to be easy to use and enables users' the freedom to speak in their own language, regardless of the other person's language they are speaking to. Hello Pal's overriding mission is to bring the world closer together through social interaction, language learning and travel. By creating a platform where it is easy to instantly interact with others around the world and giving them the tools to communicate with each other in a joyful and fun way, Hello Pal hopes to do its part (however small) in fostering understanding and tolerance between all citizens of the world.

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