The Board of JNBY Design Limited announced that, on February 14, 2022, the Group entered into a lease agreement with Huizhan Technology (Hangzhou) Co. Ltd. pursuant to which Huizhan Technology agreed to lease a premise in Hangzhou to the Group for holding products ordering fair purpose with a term of approximately two months commencing from February 14, 2022. Premise: A premise of 3,840 square meters located at 3F-8F, Block 16, Tianmu Qingshui Commercial Center, 398 Tianmushan Road, Xihu District, Hangzhou, Zhejiang, China.

Term: Approximately two months commencing from February 14, 2022 and expiring on April 30, 2022. The rent payable is calculated based on the actual days of usage (RMB 42,000 per day) and standard usage fee (RMB 350 per person). Payment schedule: Monthly in arrears.

Purpose: Holding products ordering fair.