The board of directors of Gold-Finance Holdings Limited (Company) announced that on 14 November 2018, the company entered into a strategic cooperation agreement with China Second Metallurgical Group Corporation Limited (the CSMGC') in relation to the formation of a strategic cooperation partnership with CSMGC for development of the current and potential public-private-partnership projects, unique town projects and infrastructural projects to the best of knowledge, information and belief of the directors of the Company, CSMGC and its ultimate beneficial owners are third parties independent of the company and any connected person of the company and are not connected persons of the company. Pursuant to the Agreement, to establish a long term, stable and mutually beneficial strategic cooperation relationship, the company and CSMGC have agreed, among other things, CSMGC intended to be involved in development of the Projects; by leveraging on its advantages in brand, technology, licenses and qualifications in the construction industry, CSMGC will provide construction engineering services (including, but not limited to exploration, foundation construction and buildings construction) to the Projects; and with its extensive experience relating to the PPP projects, CSMGC will assist or conduct jointly with the Group to invest, construct and develop the Projects.