The Board of China Resources Land Limited announced that on 25 October 2022, the Company entered into the Platform and Marketing Services Framework Agreement with Huawang Data, pursuant to which the Group has agreed to provide Huawang Data with marketing services and Huawang Data has agreed to provide the Group with platform services in relation to the Platform, for a term effective from 1 November 2022 to 31 December 2022. Parties: The Company and Huawang Data, Date of agreement: 25 October 2022, Term of the agreement: 1 November 2022 to 31 December 2022. Scope of services: The Group shall provide Huawang Data with marketing services and assist Huawang Data to promote the use of the Platform, with the aim to build up an active and loyal member base for the Platform, by utilising the Group's resources, including but not limited to, (i) arranging for staff to engage in face-to-face interactions with the aim to attract customers to register as members of the Platform (``Members''); (ii) advertising and promoting the Platform within its premises to encourage more registrations, and (iii) engaging in various online marketing activities linked to the Platform (the ``Marketing Services'').

The Group shall also offer benefits to the Members, as well to as offer Members the opportunity to participate in promotional activities of the Group to be held from time to time. Huawang Data shall provide the Group with services in connection with the Platform, including but not limited to, (i) operating and managing the Platform; (ii) providing assistance to the Members through a customer hotline maintained by Huawang Data; (iii) providing information and consultation services relevant to the Platform; (iv) providing maintenance services to ensure stable and safe operations of the Platform, and (v) providing settlement support for any transactions using the Platform (the `Platform Services''). For the specific terms (including type of service, service fees, payment terms, rights and obligations of the parties) with respect to the services to be provided under the Platform and Marketing Services Framework Agreement, the Group and Huawang Data will enter into separate greements in accordance with the terms and conditions of the Platform and Marketing Services Framework Agreement.