The board of directors of China Rongzhong Financial Holdings Company Limited announced that, on 15 December 2023, the Company entered into two non-legally binding memorandums of understanding (the MOUs) with Choco Up Holdings Limited (the Partner A) and eCargo Holdings Limited (the Partner B). Scope of Operarion: Pursuant to the MOUs, the Company and each of the Partners intend to collaborate with each other so as to bring mutual benefits to each other, and the potential collaboration may be in form of, including but not limited to: Joint business development or investment projects; Exchange of technical expertise and best practices; Sharing of business resources, market intelligence and industry trends; Joint initiatives to foster industry engagement and knowledge exchange; and Other mutually agreed areas of collaboration. Term: The MOUs shall be effective for a period of two years from the date of the execution of the MOUs.

Both Parties may terminate the MOUs by means of signing of a termination addendum.