The board of Sinolink Worldwide Holdings Ltd. announced that, on December 8, 2017, the company entered into the Joint Venture Agreement with ZhongAn Technology, a wholly-owned subsidiary of ZAOIL, pursuant to which the Company and ZhongAn Technology agreed to jointly invest in a joint venture to enable the Company to partner with ZhongAn Technology to explore international business development, collaboration and investment opportunities in the areas of Fintech and Insuretech in overseas market. Pursuant to the Joint Venture Agreement, (a) the Company and ZhongAn Technology have conditionally agreed to make a capital contribution in cash in the amount of RMB 60 million and RMB 50 million, respectively, to JVCo in consideration for JVCo Ordinary Shares; and (b) the Company has conditionally agreed to make an additional capital contribution of RMB 620 million in cash to JVCo in consideration for Redeemable Preference Shares. Upon Completion, the Company and ZhongAn Technology will own 49% and 51% of the voting interests in JVCo, respectively. Pursuant to the Joint Venture Agreement, the JVCo Board will consist of three directors, of which the Company will be entitled to designate one director and ZhongAn Technology will be entitled to designate two directors. The JVCo will enable the Company to partner with ZhongAn Technology to explore international business development, collaboration and investment opportunities in the areas of Fintech and Insuretech in overseas markets, in response to the One Belt One Road policy initiated by the PRC government.