BabyTree Group entered into the Framework Agreement with FIL, pursuant to which the Group agreed to sell, and FIL and/or its associates agreed to purchase, certain consumer products, including maternal and child supplies, pet supplies, nutrition and health care, cosmetics and personal care, food, beverages, casual snacks, general merchandise, grain oil seasoning, feed and pet food (the " Goods"). The principal terms of the Framework Agreement are set out below: Date: 8 September 2023. Parties: (i) the Company; and, (ii) FIL, Term: From the date of the Framework Agreement to 31 December 2023, Subject, matter: During the term of the Framework Agreement, the Group will sell the Goods to FIL and/or its associates., Sales price and pricing policy: The Group (as provider) and FIL and/or its associate (as purchaser) shall enter into separate implementation agreements in accordance with terms of the Framework Agreement.

The prices of the Good to be ordered pursuant to the Framework Agreement will be determined after arms length negotiations between the parties from time to time and will be no more favourable than the terms offered by the Group to independent third parties having regard to the quantity, specifications and/or other conditions of the Goods to be offered. When arriving at the annual cap, the Company took into consideration the following factors: (i) the historical amounts for similar transactions under the Framework Agreement; (ii) the projected orders in the amount of approximately RMB 11.0 million based on the initial expression of interest received from FIL and/or its associates; (iii) the projected per unit price of the Goods with reference to the price sold in the past; and (iv) the total transaction amount of the Fully-exempt Transactions. FIL is a global innovation-driven consumer group with mission to provide high-quality products and services for families around the world in Health, Happiness, Wealth and Intelligent Manufacturing segments.

The cooperation with the purchasers can broaden and perfect the range of knowledge and service the Group is able to provide to its customers, enhancing its ability to consolidate high-quality daily life products to young families. FIL are a global innovation-driven family consumption group with a mission to provide high-quality product and services for families around the World in four major business segments, including Health, happiness, Wealth and Intelligent Manufacturing.