Shenzhen Baoneng Chuangzhan Real Estate Co Ltd signed Framework Agreement to acquire 13 data center related assets and businesses from Dr. Peng Telecom & Media Group Co., Ltd. on January 29, 2021. As per the transaction, Shenzhen Baoneng Chuangzhan Real Estate Co Ltd shall pay a performance bond of CNY 300 million within 5 working days from the signing of the Framework Agreement. Both parties strive to sign a comprehensive Asset Transfer Agreement till March 31, 2021.