The board of directors of International Alliance Financial Leasing Co., Ltd. announced that on 19 April 2021 (after trading hours), the company entered into a strategic cooperation agreement Shandong Yulong Petroleum Co., Ltd., pursuant to which the company and Shandong Yulong agreed to act as the strategic cooperation partner of each other in their respective field of business as to establish a strategic cooperation relationship in the People's Republic of China (the "PRC") and overseas market. Pursuant to the Strategic Cooperation Agreement, the Company and Shandong Yulong agreed to carry out extensive and in-depth cooperation on the fields of equipment procurement, equipment leasing and finance leasing of engineering vehicles or equipment, as well as carriers such as vessels for transport of goods and/or passengers. The company agreed that during equipment procurement process, the parties thereto may conduct business through the finance leasing business model, and the main mode of cooperation includes sale-leaseback service and direct finance service (the "Possible Transaction").