In order to further enhance the capital strength of the convention and exhibition segment of the Company, improve the market-oriented operation standard and industry chain and accelerate the transformation and upgrade of the traditional convention and exhibition business, Beijing North Star Convention Group Co., Limited (“North Star Convention Group”), a wholly-owned subsidiary of the Company, implemented the capital injection and introduction of strategic investors by way of public tender on the China Beijing Equity Exchange. Upon public solicitation, four qualified investors, namely Beijing Capital Tourism Group Co., Ltd. (北京首都旅遊集團有限責任公司) (“Beijing Tourism”), Beijing Shougang Construction Investment Co., Ltd. (北京首鋼建設投資有限公司) (“Shougang Construction”), Jingdong Technology Holding Co., Ltd. (“JD Technology”) and GL events China Limited (“GL events”) (collectively, the “Strategic Investors”), participated in the capital injection (the “Capital Injection”) and intended to sign the capital injection agreement soon. Upon completion of the Capital Injection, the registered capital of North Star Convention Group will be increased from RMB120 million to RMB200 million, the Company’s shareholding ratio will be changed from 100% to 60%, while the respective shareholding ratios of the aforementioned four Strategic Investors will be 10%. North Star Convention Group will be renamed as “Capital Convention (Group) Co., Ltd. (首都會展（集團）有限公司)” and will remain as a subsidiary of the Company.