China Traditional Chinese Medicine Holdings Co. Limited announced that the Company and Ping An Bank entered into the Deposit Service Agreement commencing from 15 January 2020 to 14 January 2023 for a term of three years. Accordingly, Ping An Bank agreed to provide deposit service to the Group subject to the terms and conditions stipulated therein. The Group may use the deposit service on a non-mandatory basis. The interest rates offered by Ping An Bank to the Group for the deposit service will not be less than (a) the benchmark interest rate set by the PBOC for similar deposits at the deposit commencement date; and (b) the interest rates offered by independent commercial banks to the Group for similar deposits.