CONNECTED TRANSACTION IN RELATION TO ENTERING INTO GENERAL CONSTRUCTION CONTRACT
On 7 November 2019, Changsha Central Garden, a subsidiary of the Company (as the principal) entered into the General Construction Contract with CCFEB Third Company (as the contractor) in respect of the construction of the Changsha Project, pursuant to which CCFEB Third Company agreed to undertake the construction of the Changsha Project, be responsible for the civil works, installation and construction, water supply and drainage, fire protection, electrical engineering and other works under the Changsha Project.