Jangho Group agreed to provide, fitting-out works under the projects undertaken by Jangho Group. The Group agreed to subcontract to Jangho Group, and Jangho Group agreed to provide, specialised works and/or technical advisory services, which any member of Jangho Group is qualified to provide, under the projects undertaken by the Group. On 21 November 2022, the Company (for itself and on behalf of its subsidiaries) and Jangho Co (for itself and on behalf of its subsidiaries, but excluding the members of the Group) entered into the Business Cooperation Framework Agreement for the period commencing on 21 November 2022 and ending on 31 December 2024.

The Contractual Parties shall adhere to the following policies in determining the pricing for each of the Relevant Transactions: the pricing will be determined following arm's length negotiation between the Contractual Parties with reference to the prevailing market price for the provision of works and/or services of comparable nature and scale, the costs for providing the works and/or services and the size of the project concerned; for any fitting-out works the Group undertaken from Jangho Group, the gross profit margin of the Group shall be no less than 10%; and for any specialised works and/or technical advisory services to be subcontracted by the Group, the designated personnel of the Group will be responsible for (i) monitoring the prevailing market price in respect of such works and/or services; (ii) analysing the costs and expenses; and (iii) reporting to the management of the Group. In general, quotation from at least two Independent Third Party service providers for the provision of the same works and/or services will be obtained to ensure that the pricing is fair and reasonable and no less favourable to the Group than those available from Independent Third Parties. for any specialised works and/or technical advisory services to be subcontracted by the Group, the designated personnel of the Group will be responsible for (i) monitoring the prevailing market price in respect of such works and/or services; (ii) analysing the costs and expenses; and (iii) reporting to the management of the Group.

In general, quotation from at least two Independent Third Party service providers for the provision of the same works and/or services will be obtained to ensure that the pricing is fair and reasonable and no less favourable to the Group than those available from Independent Third Parties.