Financial Street Property Co., Limited announced that the Company and Beijing Shoushi Yimin Commercial Chain Co. Ltd. (the "Partner") established a Joint Venture, whereby to continue to increase management areas and promote business diversification of the Company by virtue of fully utilizing the resource advantages on both parties with acceleration of market expansions. Registered capital RMB 5 million (shareholders will make capital contribution in proportion to their respective shareholding).

Proportion of equity interest is Financial Street Property Co., Limited is 51% and The Partner is 49%.