The board of directors of Wuzhou International Holdings Limited announced that, on January 27, 2015, the company entered into a strategic cooperation agreement with Qingdao Haier Industrial Development Co. Ltd. Pursuant to the strategic cooperation agreement, both parties have agreed to a wide-ranging scope of cooperation including resources optimization and the development of a national network of logistics facilities and multi-functional commercial complexes. Pursuant to the strategic cooperation agreement, the scope of the cooperation includes, among other things, the setting up of joint venture companies for the purposes of developing and operating a logistics and commercial facilities network; and acquiring suitable land parcels to further the development and operation of such network.

The parties will implement the initial stage of the strategic cooperation agreement in Zhengzhou, and intend to further extend the cooperation network to cover Nanjing, Chongqing, Hangzhou, Guangzhou, Xuzhou, Xian and Jinan.