Gelonghui January 26?Shanghai Fudan (01385.HK) $Notice, on January 26th, 2022, the company entered into a purchase contract with the seller Tianyu Ecological Environment Co., Ltd., pursuant to which the company agreed to buy and the seller agreed to sell the properties for a total consideration of RMB 222 million.

"these properties" means the properties situated at Room 101,201,301,401,501,601and701of Building 12, Lane 1688, Guoquan North Road, Yangpu District, Shanghai, PRC, and the properties of Building 15,201,301,401 and 501, including all renovations.

Due to business development, the Group has actively invested in research and development in recent years. The demand for staff is increasing and the number of employees is increasing year by year. At present, the office space of the Group is insufficient. Apart from being unable to cope with the increase in the number of staff, it is even more difficult to meet the needs of the rapid development of the Group's business. The directors are aware of the sharp increase in office value and rental levels in the past decade. It is considered that the acquisition of property can not only meet the group's own demand for office space, save rental expenses, increase rental income, short-term leasing can reserve office space for future staff growth, and other benefits. In addition, the Group currently has scattered office space, and these properties are located adjacent to one of the company's office space, which can form an overall office area and help enhance office management, staff communication and work efficiency.