The board of directors of the company announced that the company has recently signed a letter of intent (Letter of Intent) of strategic cooperation
(Strategic Cooperation) with Kejian Kekang (Qingdao) Group Co. Ltd. (Kejian Kekang (Qingdao) Group). The company believes that the proposed strategic cooperation under the Letter of Intent is in line with the Group's long-term development objectives and business development strategy. The strategic cooperation with Kejian Kekang (Qingdao) Group will potentially bring profit growth for both parties, which is in the interests of the Company and its shareholders as a whole. The specific terms and conditions of the formal agreement are subject to the approval of the Board after the completion
of the Company's due diligence. The Company will make a further announcement in compliance with the Listing Rules of The Stock Exchange of Hong Kong Limited in due course should there be any development.