On 17 November 2023, Beijing Capital International Airport Company Limited and Beijing Aviation Ground Services Co. Ltd. (BGS) entered into the De-icing Services Cooperation Agreement, pursuant to which, among other things, the Company agreed to lease part of the de-icing vehicles and protection vehicles to BGS and entrust BGS to operate the station de-icing business within specific working areas agreed by the Parties in Beijing Capital Airport, for a term commencing from 17 November 2023 to 16 November 2026. Material terms of the De-icing Services Cooperation Agreement: The material terms of the De-icing Services Cooperation Agreement are set out as follows: Date: 17 November 2023; Parties: (a) the Company; and (b) BGS; Term: From 17 November 2023 to 16 November 2026.

Subject matter: Pursuant to the De-icing Services Cooperation Agreement, the company agreed to lease the de-icing vehicles and protection vehicles to BGS and entrust BGS to operate the station de-icing business within specific working areas agreed by the Parties in the western area of Beijing Capital Airport. BGS may use the de-icing vehicles of the Company to carry out daily aircraft defrosting and aircraft stand and station de-icing operations. BGS shall not sub-let the vehicles of the company or operate the aircraft de-icing business with the de-icing vehicles of the Company at other airports or areas outside Beijing Capital Airport.

Outside the de-icing period, BGS shall obtain written consent from the Company in order to change the use of the de-icing equipment and facilities, provided that such change of use would not damage the original function of the de-icing equipment and facilities. Pursuant to the De-icing Services Cooperation Agreement, in order to align the term of such agreement with the duration of de-icing cycle of Beijing Capital Airport each year, the Company and BGS also agreed to terminate the Former De-icing Services Cooperation Agreement with effect from the commencement date of the term of the De-icing Services Cooperation Agreement. As disclosed in the announcement of the Company dated 19 January 2023 in relation to the Former De-icing Services Cooperation Agreement, the company entered into the Former De-icing Services Cooperation Agreement with BGS in respect of the lease of part of the de-icing vehicles and protection vehicles to BGS and entrusted BGS to operate the station de-icing business within specific working areas agreed by the Parties in the western area of Beijing Capital Airport for a term commencing from 19 January 2023 to 31 December 2023.