On 7 December 2023 (after trading hours), the Desun Real Estate Investment Services Group Co., Ltd. entered into the Property Services Framework Agreement with the Ultimate Controlling Shareholders, pursuant to which the Company agreed to provide a range of property management services and other value-added services to the Ultimate Controlling Shareholders' Associated Companies for a term of three years, commencing from 1 January 2024 and up to 31 December 2026. Pursuant to the Property Services Framework Agreement, the services of which the Group may provide to the Ultimate Controlling Shareholders' Associated Companies are as follows: . Property management services: including but not limited to security, cleaning, greening and gardening and repair and maintenance services to residential properties and non-residential properties developed and/or owned by the Ultimate Controlling Shareholders' Associated Companies.

. Pre-delivery and sales assistance services: including but not limited to the provision of (i) sales assistance services; (ii) sales agency services; (iii) pre-delivery routine quality inspection of properties after the completion of construction; and (iv) sales office canteen services. .

Commercial operational services and assets management services: including but not limited to the provision of (i) tenant sourcing services such as identifying and attracting tenants for commercial properties and coordinating the signing of tenancy agreement, etc.; (ii) services during operation stage such as tenant management and rent collection services, etc.; and (iii) sales agency services for unsold carpark space and residential properties. . Decoration and renovation services: including but not limited to (i) sales office decoration; (ii) residential interior decoration and renovation; (iii) commercial and office building decoration and renovation; and (iv) other decoration and renovation services including sales of decoration and renovation products.

. Other value-added services: including but not limited to canteen logistics support services, equipment maintenance services, and other value-added services to property owners. (a) Pricing The prices/rates of the provision of services charged by the Group shall be determined on the basis of arm's length negotiations between the relevant parties or through public tender process (as the case may be), taking into account: .

In respect of the property management services: (i) the types and locations of the properties; (ii) the scope and quality of the services; (iii) the estimated costs and expenses; (iv) the target profit margins; (v) the profiles of property owners and residents; (vi) the local government's guidance price on property management fees (where applicable); and (vii) the pricing of comparable properties, etc. In respect of the pre-delivery and sales assistance services: (i) the different service and required standards; (ii) the anticipated costs to be incurred for rendering the services, including but not limited to labour, consumables, management fees and administrative expenses; and (iii) the prevailing market price for rendering similar services, etc. In respect of the commercial operational services and assets management services: (i) the anticipated costs including labour costs and administrative expenses; and (ii) the prevailing market price for similar services.

In respect of the decoration and renovation services: (i) the nature and location of the decorated and renovated properties; (ii) the required area, scale and quality of the decorated and renovated properties; (iii) the anticipated costs including materials, labour costs and administrative expenses; and (iv) the prevailing market price for similar decorations and renovations. In respect of other value-added services: (i) the nature and location of the properties; (ii) the brand, scale and location of the properties; (iii) GFA of the properties; (iv) the operation costs, such as cost of raw materials and labour and administration expenses; and (v) the prevailing market price of similar services, etc.