Beijing Urban Construction Design & Development Group Co., Limited (company) renewed the Integrated Services Framework Agreement with Beijing Infrastructure Investment Co. Ltd. (Beijing Investment) on 19 December 2023 for a term of three years from 1 January 2024 to 31 December 2026. The Company has also set the annual caps for the continuing connected transactions contemplated thereunder for each year of 2024 to 2026.

Term of the agreement: From 1 January 2024 to 31 December 2026 The Group will provide Beijing Investment, its subsidiaries and/or its associates with construction survey, design and consultancy services as well as construction contracting services; and Beijing Investment, its subsidiaries and/or its associates will provide the Group with construction survey, design and consultancy services as well as construction contracting services. Both parties are entitled to choose the counterparties of the transaction. Both parties shall carry out the transaction in accordance with the applicable general market practice (if any) and on normal commercial terms. Pursuant to the Integrated Services Framework Agreement, the terms of the agreement for the Group to provide construction survey, design and consultancy services as well as construction contracting services to Beijing Investment, its subsidiaries and/or its associates shall not be better than the terms of the agreement for the Group to provide similar services to independent third parties, and the price for services provided by one party to the other party shall be determined at the following principles: Where there is government-prescribed price, the government-prescribed price shall be executed Where there is no government-prescribed price, but there is government-guided price, then the price would be determined by coordinating the market factors with reference to the government- guided price Where there is neither government-prescribed price nor government-guided price, then the price would be determined through tender process or other available market price.

The service fee shall be paid by one party of the agreement to the other party upon completion of relevant services provided within the settlement cycle as agreed under the specific service contracts entered into in accordance with the Integrated Services Framework Agreement. The company will also lease properties and land from Beijing Investment and its subsidiaries and/or associates for office and operation purposes, the Company entered into the Property and Land Leasing Framework Agreement with Beijing Investment on 19 December 2023 for a term of three years from 1 January 2024 to 31 December 2026. The Company has also set the annual caps for the continuing connected transactions contemplated thereunder for each year of 2024 to 2026.

Term of the agreement: From 1 January 2024 to 31 December 2026 Pursuant to the Property and Land Leasing Framework Agreement: Beijing Investment, its subsidiaries and/or associates agree to lease the leased properties to the Group exclusively for office and operation purposes. Details of which are as follows: The leasing of office building of Beijing Urban Construction Exploration & Surveying Design Research Institute Co. Ltd. at an annual rental price of approximately RMB 2.42 million; The leasing of office building of Beijing Rail Transit Design and Research Institute Co.

Ltd. at an annual rental price of approximately RMB 3.49 million; and The leasing of centralized office for the Company at an annual rental price of approximately RMB 1.65 million.