The board of directors of Chanjet Information Technology Company Limited announced that, on 14 May 2021, Tianjin Hanbo Information Technology Co., Ltd. ntered into a strategic cooperation agreement, pursuant to which, Tianjin Hanbo and the Company have agreed to jointly provide customers with the comprehensive restaurant management system services. According to the Strategic Cooperation Agreement, the Company and Tianjin Hanbo will provide customer resources, and jointly provide customers with the comprehensive restaurant management system services for functional usage fees. Amongst other things, the Company will provide supply chain management system and financial management system, and Tianjin Hanbo will provide restaurant management system and all-in-one machines other than the products and services provided by the Company. The Strategic Cooperation Agreement shall become effective for a term of five years from the date on which the Strategic Cooperation Agreement being executed and sealed by Tianjin Hanbo and the company. The Strategic Cooperation Agreement shall be automatically renewed for a further term of one year upon the expiry of its term if the parties have not terminated the Strategic Cooperation Agreement in writing. There is no limit to the number of times of renewal.