Founded in 1983 and subsequently listed on SGX Main Board on 11 February 2004, Ascent Bridge Limited (formerly known as AEI Corporation Limited) is engaged in the business of production, sale and distribution of food and beverages. The Company acquired MTBL Global Pte Ltd ("MTBL") and changed the name of the company to Ascent Bridge Limited with a new logo and Chinese name (Li Shì Shí) in March 2022. In acquiring MTBL, the company has achieved a milestone in its diversification into the food and beverage business. MTBL owns the exclusive global distributor rights (excluding Mainland China) to market and sell Moutai Bulao 125ml liquor product, one of the most valuable spirits brands worldwide. Unlike traditional beverage supply and distribution channels, MTBL has innovated its distribution channels by leveraging IT concepts, digital network infrastructure, big data, and a network of smart vending machines. The network of smart vending machines will span over our partners' stores in geographic markets, serving as MTBL's primary distribution channel.