 HANGZHOU, China, June 15, 2021 GLOBE NEWSWIRE -- Dragon Victory International Limited Nasdaq: LYL or the Company, a company that offers supply chain management platform services to auto parts suppliers through its supply chain management platform and quality incubation services to entrepreneurs in China announced today that it has entered into a binding term sheet the Binding Term Sheet in connection with a business transformation transaction the Business Transformation and potential investment with Natural Selection Capital Holdings Limited Natural, Mr. Ni Ming together with Natural, each a Consultant, and collectively, the Consultants, LSQ Investment Fund 1st Closing Purchaser, and certain purchasers represented by Elephas Global Master Fund each a 2nd Closing Purchaser, and collectively, the 2nd Closing Purchasers; together with the 1st Closing Purchaser, each a Purchaser, and collectively, the Purchasers on June 11, 2021. 