The Board announces that on 9 June 2021, Shanghai Fosun Pharmaceutical (Group) Co., Ltd. (the Company) and Fosun International Limited entered into the Framework Tenancy Agreements in relation to the lease of the relevant Fosun Pharma Premises and Fosun International Premises in accordance with the terms thereof. Term is 1 year from 1 January 2021 to 31 December 2021 (both days inclusive). Determination of the rent and property service fees: The parties agreed that the rental payable and property management fees (including other expenses in relation to the lease of properties) in respect of Fosun International Premises shall be determined in accordance with the following principles, to ensure that the relevant pricing terms are fair and reasonable: (a) based on the respective interests of the lessor and lessee; (b) with reference to the then prevailing market conditions and at a rate of the rental, market rent ratio and property management fees for other similar or comparable premises and/or commercial properties that charge to independent third parties; and (c) where the similar or comparable premises referred above are not available, with reference to the rental, market rent ratio and property management fees of commercial premises and/or commercial properties that are of the same grade as and that are in the same district.