On September 27th, Gelonhui announced that ST Zhongcheng (300208.SZ) held the tenth meeting of the fourth board of directors on September 27, 2024, and approved the "Proposal on Renting Idle Assets and Signing Lease Contracts", agreeing to rent out the property located at No. 11 Yuehe Road, Chengyang District, Qingdao City (hereinafter referred to as the "target immovable property"), with an area of 35,735.**** meters (subject to the specific property ownership certificate). In accordance with relevant laws and regulations, on the basis of equality, voluntariness, and mutual agreement, the company intends to sign a "Building, Site Lease Contract" with Qingdao Huatong Urban Industrial Park Investment Operation (Group) Co., Ltd. (hereinafter referred to as "Qingdao Huatong") for the rental of the target immovable property. The duration of this contract is 10 years, from September 27, 2024, to September 26, 2034, with a total contract amount of 53.505 million yuan.