The board of the directors of Suchuang Gas Corporation Limited announced that, on 8 January 2020, the Company and Shanghai Fosun Tourism Management Co. Ltd., a wholly­ owned subsidiary of Fosun Tourism Group (Fosun Tourism) entered into a non-binding strategic cooperation framework agreement for a term of five years from the date of the Strategic Cooperation Framework Agreement to establish a cooperative relationship in relation to, among other things, the provision of clean energy to the tourism destination projects of Fosun Tourism and its subsidiaries. Pursuant to the Strategic Cooperation Framework Agreement: (1) Shanghai Fosun Tourism agreed that it will: (a) engage the Group to supply natural gas to the Taicang FOLIDAY Town of Fosun Tourism in the People's Republic of China (the "PRC"), and give priority to the Group in investment cooperation in respect of clean energy, including gas pipeline, smart energy, distributed energy stations, liquidated natural gas supply stations (the "Clean Energy Investments"); (b) in respect of the Clean Energy Investments in existing and planned tourism destination projects and other construction projects located in destinations in the PRC, subject to fulfilling the applicable laws and regulations, give priority to recommend the Group to the local PRC government and assist the Group in obtaining preferential treatment and support from the local PRC government; and (c) in respect of the existing and planned tourism destination projects and other construction projects, give priority to cooperate with the qualified entities of the Group in the areas of smart energy; energy top-level design; gas pipeline project; centralized heating and cooling; environmental protection and carbon emission reduction projects (including constant temperature, constant humidity, constant oxygen, constant quiet); system macro design and service micro operation of supporting services or facilities in the areas where the projects located.