Symphony Holdings Limited announced on 31st December 2017 an agreement supplemental to the Distribution Agreement (the "Supplemental Agreement") was entered into, increasing the annual caps under the Distribution Agreement. The increased annual caps under the Supplemental Agreement were determined by reference to the demand for swimwear products in PRC market, in both wholesale and retail business taking into account multiple distribution channels online and offline, which is higher than was expected at the time of execution of the Distribution Agreement. The annual cap of each contract year has been revised under the Supplemental Agreement as: For the year 2017: Pre Supplemental Agreement of RMB 86,702,000 and post Supplemental Agreement of RMB 130,053,000. For the year 2018: Pre Supplemental Agreement of RMB 90,875,000 and post Supplemental Agreement of RMB 136,312,500. For the year 2019: Pre Supplemental Agreement of RMB 97,481,000 and post Supplemental Agreement of RMB 146,221,500. For the year 2020: Pre Supplemental Agreement of RMB 120,613,000 and post Supplemental Agreement of RMB 180,919,500 and for the year 2021: Pre Supplemental Agreement of RMB 133,403,000 and post Supplemental Agreement of RMB 200,104,500.