Credit lines of head office and subsidiaries

The credit line of the Head Office and its subsidiaries shall not exceed 450 million yuan (within the scope of not exceeding the total credit line, the credit line actually approved by the bank shall prevail). According to the relevant public information, the Company and all members of the Board of Directors guarantee that the disclosed information is true, accurate and complete, and there are no false records, misleading statements or major omissions. In order to meet the needs of production, operation, construction and development of the company and its holding subsidiaries, the company and its holding subsidiaries intend to apply to banks and other financial institutions for a comprehensive credit line of no more than RMB 450 million in 2020 (within the scope of no more than the total credit line, subject to the credit line actually approved by banks). Within this line, the company and its holding subsidiaries will make bank loans according to the actual capital demand.