Kai Mingchen announced that the company plans to sign a “Financial Service Agreement” with China Mobile Group Finance Co., Ltd., which will provide financial services such as deposits and fund settlement services to the company and its subsidiaries within the scope of operation. The service period of the agreement is 3 years, and the maximum daily deposit balance limit during the validity period of the agreement is 3 billion yuan. The related transaction was reviewed and approved by a special meeting of independent directors and reviewed and approved by the board of directors. The relevant directors avoided voting. The company's sponsor issued an agreed verification opinion. This related transaction still needs to be submitted to the company's shareholders' meeting for consideration. At that time, the related shareholder China Transfer Capital Holdings Co., Ltd. will abstain from voting. This related transaction does not constitute a major asset restructuring as stipulated in the “Administrative Measures on Major Asset Reorganization of Listed Companies” and does not require approval from relevant departments.