China South City Holdings Limited announced that China South City Group Company Limited, a wholly-owned subsidiary of the company, have signed a strategic cooperation framework agreement with China Merchants Shekou Industrial Zone Holdings Co., Ltd. on 1 September 2021, for focusing research on the asset integration and land development of the Group. In the abovementioned cooperation, both parties have shown a high degree of compatibility in strategic development, and each give full play to their advantages, focusing on extensive and in- depth development of urban commercial complexes, real estate development, urban renewal (including old city reconstruction), commercial operations and property management.