According to the memorandum of understanding, the company and the partner are to collaborate in promoting the platform for health management education & training services in china named "Mi Kang Health Project". The company and the partner will further negotiate and sign a formal agreement on the proposed collaboration.

Based on the memorandum of understanding, the company and the partner are to collaborate in promoting the platform for health management education & training services in china named "Mi Kang Health Project". The company and the partner will further negotiate and sign a formal agreement on the proposed collaboration.

In addition to the partner's obligation to comply with applicable laws and regulations and maintain confidentiality regarding matters related to the memorandum of understanding, the memorandum does not legally bind the parties to the proposed collaboration.

Based on the reasonable inquiries made by the director, the partner and its ultimate beneficiaries are independent third parties separate from the company and its affiliates.