Quhuo Limited announced its recent partnerships with Shougang Real Estate ("Shougang") and Hakone Group ("Hakone") to jointly boost operations in the Beijing-Tianjin-New-City development project ("Beijing-Tianjin-New-City"), a luxury resort town about 90 kilometers from Beijing. Quhuo offers an additional service model that allows flexible management of room listings on behalf of homestay owners. This service operates their rental businesses, and can potentially reduce investment risks associated with the operation of homestay businesses while ensuring profitability. This model was designed to facilitate additional income for homestay owners, and for estate owners with unused rooms and idle properties to earn additional income. The new joint partnerships will also be able to benefit from Quhuo's well-developed platform to offer more on-demand services. With the Company's advanced gig economy platform and data-driven flexible employment management system, Quhuo is able to manage basic facilities and workforce resources, which can further reduce operation costs and boost efficiency. Homestay operations, one of the key areas that Quhuo will focus on with its partners at Beijing-Tianjin-New-City, could also adopt Quhuo's flexible employment management system to fit their increasing needs for various hospitality and homestay services.