On December 17, 2021, the Israeli company Audio Pixels Holding Limited (ASX: AKP) and EarthMountain(Shanghai) Intelligent Technology Ltd. jointly announced a cooperation agreement on mass production of MEMS speakers. Audio Pixels CEO Mr. Danny Lewin, EarthMountain CEO Ms. Du Haijiang and the executives of both parties witnessed the online signing ceremony.

Helen Du EM's CEO said: "We are excited tobe a part of Audio Pixels' international ambitions to transition soundreproduction technologies into the digital era.We hope to expand our relationship in AKPbeyond this fabrication and commercialization agreement to include promotion,distribution and support for the products throughout greater China."

Fred Bart. Chairman of AKP. added "Thisagreement with EM represents a major milestone toward the commercialization ofour technologies is all the more valuable given that it comes at a time whenindustry at large is struggling to secure semiconductor fabrication capacity.Our collaboration with EM enables us to expedite and broaden the number ofcustomers and applications for our groundbreaking technologies"

After the ceremony, the two sides made in-depthdiscussions and exchanges on the progress of cooperation.