On 1 November 2022 (after trading hours), China Overseas Property Holdings Limited entered into the Lease Framework Agreement with China State Construction Engineering Corporation Limited (CSCEC). Pursuant to the Lease Framework Agreement, any member of the CSCEC Group will lease premises from any member of the Group from time to time for a term of 3 years commencing from 1 November 2022 and ending on 31 October 2025 (both dates inclusive).