Digital China Holdings Limited (Shen Zhou Shu Ma Kong Gu You Xian Gong Si) on a voluntary basis to provide shareholders of the Company (the "Shareholders") and potential investors with the latest business update of the Group. Multiple signed digital transformation projects worth over RMB 250 million in Jilin Province. In April this year, the Group successfully signed two projects for Changchun city, in Jilin Province.

Of which, RMB 200 million was for the establishment of the Changchun City computing center (the "Computing Center"), and RMB 50 million was for the development of the Changchun City Intelligent Water Management Center (the "WMC"). The Group will leverage on its expertise and industry know-how to primarily provide the relevant solution for artificial intelligence computation capabilities within the Computing Center. The establishment of the Computing Center fills the gap in Changchun city's digitalization initiatives, and will be essential in driving technological innovation within universities, research institutions and enterprises.

Areas of focus shall be on intelligent network-linked vehicles, biomedical development, smart manufacturing and artificial intelligence capabilities. On the other hand, the development of the WMC will focus on elements surrounding water conservancy and water affairs management through the construction and implementation of the Group's core products and technologies including the spatial-temporal big data platform, " knowledge graphs", Internet of Things as well as digital twin. The WMC, through consolidating and aggregating water affairs-related data points across various sources, will create a first step for the city's managers to assess, upgrade and monitor complex water-related issues.