let's firstly convert the mixed fractions to improper fractions and then multiply.
[tex]\stackrel{mixed}{1\frac{2}{3}}\implies \cfrac{1\cdot 3+2}{3}\implies \stackrel{improper}{\cfrac{5}{3}}~\hfill \stackrel{mixed}{2\frac{2}{3}}\implies \cfrac{2\cdot 3+2}{3}\implies \stackrel{improper}{\cfrac{8}{3}} \\\\[-0.35em] ~\dotfill\\\\ \cfrac{5}{3}\cdot \cfrac{8}{3}\implies \cfrac{40}{9}\implies 4\frac{4}{9}[/tex]