CIFI Ever Sunshine entered into the 2023 Controlling Shareholders Property Management Services Master Agreement with the Controlling Shareholders to renew the transactions contemplated under the 2020 Controlling Shareholders Property Management Services Master Agreement for another term of three years from 1 January 2024 to 31 December 2026 (both days inclusive), following the expiry of the term of the 2020 Controlling Shareholders Property Management Services Master Agreement on 31 December 2023. The board announces that, on the same day (after trading hours), the CIFI Holdings (Group) Co. Ltd. entered into the 2023 Merchandise Procurement Framework Agreement with CIFI Ever Sunshine to renew the transactions contemplated under the 2021 Merchandise Procurement Framework Agreement for another term of three years from 1 January 2024 to 31 December 2026 (both days inclusive), following the expiry of the term of the 2021 Merchandise Procurement Framework Agreement on 31 December 2023.