Core Viewpoint - The company has approved a lease agreement for a youth community project, indicating a strategic move towards integrating accommodation and commercial spaces in the tourism sector [1] Group 1: Lease Agreement Details - The company’s wholly-owned subsidiary, Caesar Bay, will lease 15 buildings located in the Qingdao Signal Hill Historical and Cultural District from the related party, Qingdao Huanhaiwan Cultural Tourism Development Group [1] - The total area of the leased properties is approximately 5,641.77 square meters, with a basic rental price of 1.25 yuan per day per square meter [1] - The lease term is set for 5 years, with a rental increase of 5% every 3 years, resulting in a total rental amount of 8,336,514.43 yuan, and an 18-month rent-free period [1] Group 2: Related Party Transaction - The lessor, Huanhaiwan Cultural Tourism, is the controlling shareholder of the company, and the company’s director, Li Jianqing, serves as its director and manager [1] - This lease constitutes a related party transaction as defined by the Shenzhen Stock Exchange Listing Rules [1]

Core Viewpoint - The company plans to lease 15 properties in Qingdao to develop a youth living community project that integrates accommodation and commercial spaces [1] Summary by Categories Company Actions - The company's wholly-owned subsidiary, Caesar Bay, intends to lease 15 buildings located in the historical cultural district of Qingdao [1] - The total area of the leased properties is approximately 5641.77 square meters [1] Financial Details - The basic rental price is set at 1.25 yuan per day per square meter [1] - The lease term is for 5 years, with rent increasing by 5% every 3 years [1] - The total rental amount under the contract is 8.3365 million yuan, with an 18-month rent-free period [1] Project Overview - The project aims to create a community that includes commercial, leisure, entertainment, and accommodation spaces [1]