China Apex Group Limited entered into a strategic cooperation framework agreement with Maple International Group Company Limited. Proposed strategic cooperation between the parties with respect to (1) property management services; and (2) asset management services. It is intended that the cooperation period for property management services shall be 20 years.

The cooperation for both, the property management services and asset management services, shall be subject to the entering into formal agreement(s). Pursuant to the Strategic Cooperation Framework Agreement, the parties have indicated their intention to cooperate in relation to (i) property management services in the People's Republic of China (the "PRC"); and (ii) asset management services in Hong Kong and Singapore (the "Strategic Cooperation"). In relation to property management services, the parties intend to strategically cooperate in, among others, community asset management, car parking space sales related services, home renovation services, smart community solutions and other services.

In relation to asset management services, the Company intends to set up investment platform(s) (e.g. by way of a fund) to participate in the cooperation of property investments and other businesses and the parties intend to strategically cooperate in, among others, investment projects evaluation, structure, investment plan, establishment framework and other related matters, and seek to maximize the assets' return in the long run. The parties shall leverage each other's resources and provide long-term cooperation in relation to property development, rental and property asset management. The parties may adopt different cooperation models on project basis according to the actual market and project conditions.

Each of the parties agreed to provide favourable cooperative terms to facilitate the Strategic Cooperation, and may enter into definitive cooperation agreement(s), if any, to set out details and terms of the Strategic Cooperation.