On 25 November 2019, Wuhan Chenzhan, a subsidiary of the Company (as the principal), entered into the Construction Contract with CCSEB First Company (as the contractor) in respect of the construction of the Wuhan Project, pursuant to which CCSEB First Company agreed to undertake the construction of the Wuhan Project as a general contractor, including ground and foundation works, the main structure works, fitting out and decoration works, roofing works, water supply and drainage and heating works, ventilation and air conditioning works, electrical works, intelligent building engineering, energy conservation engineering, elevator engineering, landscaping works, and management of and coordination with material suppliers, etc.