The board of directors of Sinosoft Technology Group Limited announced that the Group has entered into a strategic cooperative agreement with Ping An Technology (Shenzhen) Co., Ltd. to jointly develop new smart city products. Pursuant to the Cooperative Agreement, both parties will join forces in projects such as smart city, government public services, social governance, and eco-city development, in order to provide a comprehensive new smart city solution. Both parties will also have in-depth cooperation in the internet platforms focusing trade and tax related financing, as well as green operation for industries. Under the cooperation, Ping An Technology's extensive service capabilities and its financial big data, medical big data, and credit big data, will combine with the Group's experience and data in areas of government public service and social governance, such as police, judicial and civil affairs industries. By integrating data resources and complementing advantages, both parties will further amplify the value of data and create new smart city solutions that are precise, efficient, and convenient.