The Group, Beijing BBMG Property and Beijing Chenyu Real Estate will enter into the Funds Collection Agreement in the near future, pursuant to which Beijing Chenyu Real Estate will collect funds from its internal cash resources totaling RMB250,000,000 for payment to BBMG and the Company respectively on or prior to 31 December 2022. Among them, the amount of funds to be collected for BBMG is RMB122,500,000 and the amount of funds to be collected for the Company is RMB127,500,000.