On 21 December 2018, Jinmao (China) Hotel Investments and Management Limited entered into the Framework China Jinmao Property Management Services Agreement with China Jinmao, pursuant to which the company agreed to provide the Property Management Services to members of the China Jinmao Group for the period from 1 January 2019 to 31 December 2021. As the transactions under the Framework China Jinmao Property Management Services Agreement and the Other Sinochem Property Management Services Agreements are in connection with the provision of property management services to members of the Sinochem Conglomerate, the Directors consider that these agreements are related and shall be aggregated pursuant to Chapter 14A of the Listing Rules.