On 29 December 2023, PICC Property and Casualty Company Limited entered into the Customer Services Cooperation Framework Agreement with Aibao Technology, pursuant to which, Aibao Technology and its subsidiaries shall provide value-added services for customers' motor vehicle insurance, value-added services related to online activities, and online advertising services, etc. to the Company, and the Company shall pay service fees to Aibao Technology and its subsidiaries. Term: From 1 January 2024 to 31 December 2024.

Aiming at joint development and long-term cooperation, Aibao Technology and the Company jointly reached consensus on the following customer services cooperation matters based on the principles of voluntariness, equality, mutual benefit and trustworthiness and in accordance with the relevant PRC laws, regulations and regulatory requirements: Aibao Technology and its subsidiaries shall provide value-added services for customer's motor vehicle insurance, value-added services related to online activities, and online advertising services, etc. to the Company, and the Company shall pay service fees to Aibao Technology and its subsidiaries. The Company is in need of the services under the Customer Services Cooperation Framework Agreement from time to time in its ordinary and usual course of business.

The value-added services for customers' motor vehicle insurance include safety inspection, designated driving services, designated delivery for inspection and other related services. The value-added services related to online activities include planning, designing and promoting web pages for online activities, and providing movie watching services and coupons to customers who participate in online activities through the APP and Wechat official account of the Company. The online advertising services include assistance in the production of promotion materials for products and services as well as launching of the same through online media.