On 21 January 2019, Capinfo Company Limited entered into the Lease Agreement I with BICD, pursuant to which the Company agreed to lease the Office Premises I from BICD. On the same date, Capinfo Cloud Technology, a subsidiary of the Company, entered into the Lease Agreement II with BICD, pursuant to which Capinfo Cloud Technology agreed to lease the Office Premises II from BICD. Major terms of the Lease Agreement I are: Date: 21 January 2019, Location: Office Premises I, which has an aggregate rental area of 982.53 sq.m. and is located at units of 1201-1203, 1204A, 1204B, 1205, 1206A, 1206B, 1207, 1208A and 1208B of Quantum Sliver Plaza, 23 Zhichun Road, Haidian District, Beijing, the PRC. Term: The Company agreed to lease the Office Premises I from BICD for a period from 1 December 2018 to 30 November 2020. Rent and air-conditioning fee payable to BICD: The monthly rent is RMB 239,082.30 (property management fees inclusive) and is payable by wire transfer on a quarterly basis. The rent was arrived at after arm's length negotiation between the Company and BICD, with reference to, among other things, the market rental rate of other comparable office premises in the same geographical region. The Company was also required to pay air- conditioning fee of approximately RMB 40,283.73 semi-annually. Major terms of the Lease Agreement II are: Parties: Landlord: BICD, Tenant: Capinfo Cloud Technology, a subsidiary of the Company. Location: Office Premises II, which has an aggregate rental area of 982.53 sq.m. and is located at units of 1209-1214 of Quantum Sliver Plaza, 23 Zhichun Road, Haidian District, Beijing, the PRC. Term: Capinfo Cloud Technology agreed to lease the Office Premises II from BICD for a period from 1 December 2018 to 30 November 2020. Rent and air-conditioning fee payable to BICD: The monthly rent is RMB 239,082.30 (property management fees inclusive) and is payable by wire transfer on a quarterly basis. The rent was arrived at after arm's length negotiation between Capinfo Cloud Technology and BICD, with reference to, among other things, the market rental rate of other comparable office premises in the same geographical region. Capinfo Cloud Technology was also required to pay air-conditioning fee of approximately RMB 40,283.73 semi-annually.