On 21 February 2020, Suntrust Home Developers, Inc. entered into a Lease Agreement with Westside City Resorts World Inc. (the "Westside City") and Travellers International Hotel Group, Inc., over the Project Site contemplated in the Co-Development Agreement between SUN and Westside City. The Lease Agreement is subject to conditions precedent, including obtaining by Suncity Group Holdings Limited of the necessary approval of its shareholders to the Lease Agreement and the transactions contemplated thereon. It is also subject to announcement requirements of the Hong Kong Stock Exchange.