Gibo Holdings Limited's

The Competition Ordinance in Hong Kong prohibits anti-competitive conduct, including agreements that prevent or distort competition, conduct by undertakings with substantial market power such as predatory behavior, and mergers that substantially lessen competition. Currently, the merger rule applies only to mergers involving undertakings holding carrier licenses under the Telecommunications Ordinance. The ordinance includes certain exclusions and exemptions. Additionally, the AIGC animation streaming platform industry is noted for its competitive nature and the need to adapt to technological developments to maintain competitiveness.