On May 8, 2023, Mr. Lizhi Huang submitted a series of proposals related to strategic, financial, and executive compensation matters to the convener of the General Meeting of Shareholders. The proposals are as follows: 1) Change the accounting measurement method of commercial real estate to fair value measurement with the purpose to optimize profit indicators, increase dividends for state-owned shareholders, and improve access to favorable bank loans and capital market refinancing. 2) Promote the issuance of commercial real estate REITs funds and transition from heavy asset operation to light asset operation.

This proposal aims to reduce the operating risks of state-owned assets and ensure long-term prosperity for Chang Chun Eurasia Group. 3) Gradually reduce interest-bearing liabilities by at least 5% annually based on the total amount of such debt at the end of 2022. 4) Conduct a thorough evaluation of the profitability of commercial projects and dispose of low-efficiency assets that generate net income lower than the loan interest cost, this aims to reduce the issuer's financial expenses and optimize operational efficiency.

5) Implement an annual clearing and monetization strategy for real estate investments based on a rate of no less than 15% of the total real estate investment at the end of 2022. The goal is to minimize interest expenses and asset impairment risks while optimizing the allocation of state-owned assets. 6) Link the year-end bonuses of management personnel to the profit increase ratio of the current year, based on the average net profit of the previous five years (including 2019).

7) Publish the issuer's 2023 business plan to demonstrate confidence in the appreciation of state-owned assets. The plan should outline specific goals and strategies to enhance operational efficiency, increase revenue, reduce expenses, optimize state-owned assets, and reduce debt.