The board of directors announced that the Group has recently entered into a non-legally binding strategic cooperation framework agreement (the
" Framework Agreement ") with Fuzhou New Area Management Committee (, the "Partner") to work collaboratively to develop Fuzhou Haichang Ocean Park (the "Project"). The Partner is an accredited agency of the Government of Fujian Province. The initial planning area of Fuzhou New Area includes Mawei District, Cangshan District, Changle District and partial regions in Fuqing, with a planned area of 800 square kilometers. Fuzhou New Area is located in the coastal area of Fuzhou. As the fourteenth new area at national level, it has planned five major industrial areas, namely digital economy, airport-related economy, port economy, international healthcare as well as riverside and coastal culture-based tourism industries.