Original Beijing Glory signed a loan extension agreement with Beijing Branch of China Bohai Bank Co., Ltd. for the purpose of extending the maturity
date of the loans with a total amount of RMB 750 million under the previous loan contract from April 28, 2023 to October 28, 2025. As of April 28, 2023, the balance of the loan amounted to RMB 434 million. The Company continues to be jointly and severally liable for the above loans. The extension of the loans has been considered and approved by the Board.