momo.com Inc. announced the plan to construct a central area distribution center. Type of contract: Construction contract Counterparty to the contract and relationship with the Company: Counterparty to the contract: LI JIN ENGINEERING CO., LTD. Major content of the contract: Board resolution for planning to construct a central area distribution center on 6th January, 2023. The estimated construction cost is around TWD 6.3 billion.

(The resolution of land purchasing had been passed on 3rd September, 2021). The counterparty to the construction is LI JIN ENGINEERING CO., LTD. Total contract amount: TWD 5,568,000,000. Start and end dates of the contract: overall construction period is 1,200 calendar days, starting from contract signed date, with the condition of acquiring user license and passing final construction acceptance check.

Restrictive covenants, and other important terms and conditions: This project includes value engineering. If the value engineering is not executed, the construction period and related amounts will be adjusted according to the contract agreement.