The board of directors of Financial Street Property Co., Limited announced that the Company, through its subsidiary, Beijing Financial Street Savills Property Management Co. Ltd., and its partners established the Joint Venture (as defined below), whereby the partners can further expand the market and increase the management scale by resource integration of the parties, so as to better promote the healthy and rapid development of the enterprises. The details are set out as follows: Date of establishment is March 31, 2022.

Registered capital is RMB 5 million (shareholders will make capital contribution in proportion to their shareholdings).