On 5 July 2021, Guangdong Yueyun Transportation Company Limited and GCGC entered into the Transportation Service Framework Agreement, pursuant to which, the Group (as trustee) will provide GCGC and GCGC Group with vehicle rental, provincial and municipal charter and other relevant Transportation Services. The Transportation Service Framework Agreement commences from 5 July 2021 and ends on 31 December 2023, which, subject to compliance with the relevant requirements under the Listing Rules, may be automatically renewed unless a notice of non-renewal is given by either party to the other party at least three months prior to the expiry of such term. The Group will provide GCGC and GCGC Group with vehicle rental, provincial and municipal charter and other relevant Transportation Services. The parties have agreed to enter into the Transportation Service Framework Agreement for three year from 5 July 2021 to 31 December 2023, which, subject to compliance with the relevant requirements under the Listing Rules, may be automatically renewed unless a notice of non-renewal is given by either party to the other party at least three months prior to the expiry of such term. The Transportation Service Framework Agreement and its performance are subject to compliance by the Company with applicable disclosure and Shareholders' approval requirements in relation to connected transactions under the Listing Rules. The GCGC Group and the Group may enter into individual implementation agreements from time to time in respect of the provision of the Transportation Services upon specific terms and other specific regulations in compliance with the principle of the Transportation Service Framework Agreement as agreed between the relevant parties Prices are determined based on the general pricing principles, and are payable in such manner and such timetable as agreed by the parties in the relevant individual agreements. The prices for providing the Transportation Services are primarily determined with reference to the mileage and market price of the services.