The board of directors of the China Saite Group Company Limited announced that on 20 January 2019, the Company entered into a strategic cooperation framework agreement with Angang Construction Consortium Co., Ltd. Strategic Cooperation Framework Agreement: According to the Strategic Cooperation Agreement, the parties will base on their strength in their respective businesses to strategically cooperate in complementing both parties' project supply, market development, market management, technology exchange and project investment. Summary of the scope of cooperation is set out as follow: Based on the geographical locations of projects and under the same circumstances, Angang Construction and its related companies shall give preference to the steel structure products of the Company when undertaking the construction projects of housing constructions, railway engineering, petrochemical and mining projects, and electric power projects from 2019 to 2023. The workshop of the Company is a processing base of Angang Construction in the south region. Depending on the needs of specific projects, the Company may provide one to two workshops to Angang Construction to manage in its full discretion and Angang Construction shall bear the corresponding rental fees. In case where the Company is subject to limitations of production capacity or geographical locations, the Company shall preferably select Angang Construction as a supplier under the same circumstances for the bridge engineering, civilian and industrial construction projects undertaken by the Company. During the actual operation of the project, both parties may establish project companies based on actual situations. Angang Construction has general contracting qualification with powerful and comprehensive operation capability. The Company shall preferably disclose large-scale construction information derived from its sales channels and customer relationships to Angang Construction and utilise the Company's advantages on human resources, customer network, geographical connections and information channels, etc. to actively cooperate with Angang Construction to undertake projects. Both parties have leading technical research results, production methods, installation technologies, etc. in areas where they have mutual interest to research and develop. They have their own leading technical advantages and numerous well-protected patented technologies in different in-depth topic research directions. As cooperation partners, both parties are given priority to use the results of the other party. Both parties shall mutually provide their advantages such as technology and managerial talents, sales network, customer relationships, manufacturing bases, erectors and geographical location impact, etc. to develop areas where they have common interest.