Aowei Group and Laiyuan Aowei entered into the Termination Agreement pursuant to which the parties agreed to the early termination of 2019 Tenancy Agreement on and with effect from October 1, 2021 and the surrender of the premises situated at 17th Floor, Tower C, Central World Trade Center, No. 6A Jianguomenwai Avenue, Beijing, to Aowei Group on 1 October 2021. All rights and obligations under the 2019 Tenancy Agreement shall cease on the Termination Effective Date. The decrease in the amount of right-of-use asset recognised by the Company under the Termination Agreement amounted to approximately RMB 4,450,000. Compared with the recognised outstanding balance amounted to approximately RMB 4,819,000 of the lease liability under the 2019 Tenancy Agreement, it is expected that a gain on early termination of 2019 Tenancy Agreement amounting to approximately RMB369,000 will be recorded by the Group. There will be no sale proceeds in relation to the early termination of the 2019 Tenancy Agreement. On 28 September 2021 after trading hours, Ritan Club and Laiyuan Aowei, a subsidiary of the Company, entered into the 2021 Tenancy Agreement in relation to the premises, the details of which are set out more particularly below. Date: September 28, 2021. Parties: Ritan Club (as landlord); and Laiyuan Aowei, a subsidiary of the Company, (as tenant). Premises: Part of the premises and car parking lots situated at the B4th to 2nd floor 101, Building 1, Ritan East Road, Chaoyang District, Beijing. Term: 3 years from 1 October 2021 to 30 September 2024 (both days inclusive): Gross floor area: 1,537.36 m2; Rent: RMB 1,720,000.00 per year.