Hong Kong, China, May 26, 2022 – Oriental Culture Holding LTD. (“Oriental Culture” or the “Company”) (NASDAQ: OCG), a leading online service provider of collectibles and artworks, announced today that the Company’s wholly-owned subsidiary, HKDAEx Limited, has entered into a strategic cooperation memorandum of understanding (“MOU”) with Hangzhou Metaverse Internet Technology Co., Ltd. (“HMIT”).

Pursuant to the MOU, the parties will cooperate and integrate their respective industry resources to provide services to global users in connection with NFTs for cultural and artwork collections, including the mint, sales, auctions, trading of NFTs. This strategic partnership aligns the unique strengths of OCG and HMIT, advances the listing business for physical and digital collectibles and artwork portfolios on the platform of HKDAEx，which is open for the collectors, artists, art dealers and owners worldwide.