The board of directors of Aidigong Maternal & Child Health Limited announce that, a subsidiary of the Company has recently leased a single independent building from a commercial property operator, an independent third party. The location of the building is in the Shunde district of Foshan City, Guangdong Province, the People's Republic of China for the establishment of a new postpartum care centre under the brand name of "Aidigong". It is expected to open in the second half of 2022 with a total of 110 postpartum care rooms available for services, and facilitated with several functional rooms. The commercial property operator is a subsidiary under Perennial Holdings Private Limited (hereinafter referred to as "Perennial Group"), headquartered in Singapore, is a comprehensive group company integrating real estate and medical care.

As a real estate company integrating holding, development and management, Perennial Group mainly invests in large-scale comprehensive real estate development projects, with investments in China, Singapore, Malaysia, Indonesia, Myanmar and Sri Lanka. Total construction area is over 7.4 million square meters. The Group has had good cooperation with Perennial Group on the confinement center property for many years.

The Group's leading position in the confinement service market has added more attractiveness to the commercial complex of Perennial Group. The excellent properties of Perennial Group in the core areas of many central cities in China also provide more choices for the national expansion of Aidigong. Based on the foundation of previous cooperation, "New Benchmark" of postpartum care centre in terms of design and decoration will be built, and establish a new industrial standard and grading by setting comprehensive functional layout, modern living style, low-carbon and environmental protection of buildings, and upgrading of health protection.

This postpartum care centre operated by the Group independently under the "ultra-light asset model" approach. Foshan Perennial International Medical and Health Centre is conveniently located. Upon the completion of establishing such postpartum care centre, it will become the larger single-size postpartum care centre in Foshan, providing high-quality postpartum care services to the consumers within and around Foshan.

The Group will continue to identify various types of quality properties for opening new postpartum care centres to further increase its market share in key cities and regions in the Greater Bay Area and nationwide, so as to meet consumers' demand.