Topsports International Holdings Limited announced as the term of each of the 2022 Framework Agreements will expire on May 31, 2024, the company and the respective counterparties have entered into the 2024 Framework Agreements on May 22, 2024 to renew the 2022 Framework Agreements. The principal terms of the 2024 Property Leasing Framework Agreement are: Date: May 22, 2024; Parties: (a) the Company; and (b) Belle International Holdings Limited (Belle International); Term: June 1, 2024 to August 31, 2026; Subject Matter: Belle International Group shall lease to the its Group certain properties located in the PRC and Hong Kong for use as office or commercial premises, car parking space or storage facilities. The Group may rent additional properties or cease to rent certain properties from Belle International Group based on its actual demand for property space.

The relevant tenants of its Group and the relevant landlords of Belle International Group shall enter into separate lease agreements which shall set out the specific terms and conditions in accordance with the principles and conditions provided in the 2024 Property Leasing Framework Agreement. Rental fees and pricing policy: The rental price shall be payable by month, and determined between the parties following their arm's length negotiations with reference to: the gross area of the relevant property and the rental period; the market prices of comparable properties of similar conditions in the vicinity; and the rental price payable by independent third parties to Belle International Group in respect of comparable properties. Maximum Transaction Amounts and Basis: The aggregate amount of lease payments to be made by the Group under the 2024 Property Leasing Framework Agreement for the each of the years ending February 28, 2025, February 28, 2026 and February 28, 2027 are not expected to exceed RMB 27.1 million, RMB 31.2 million and RMB 35.9 million, respectively.