On 21 February 2020, China Touyun Tech Group Limited and the People's Government of Wucheng District, Changzhi City, Shanxi Province (the Shanxi Authority') entered into a chlamydomonas reinhardtii construction plant project co-operation agreement. Under the Agreement, the Company and the Shanxi Authority would co-operate in the construction of manufacturing facilities for chlamydomonas reinhardtii and related products, with production scale of 10,000 tons/year in the first stage. The Shanxi Authority would support the Company with respect to the provision of the land use right for the facilities and facilitate the construction of the relevant facilities. The Company will utilise such support and endeavor to develop a full scale chlamydomonas reinhardtii production facility.