Shanghai SenseTime Intelligent Technology Co., Ltd. entered into a strategic cooperation framework agreement with Fujian Big Data Industry Investment Co., Ltd. and Greattown Holdings Ltd. Pursuant to the Strategic Cooperation Framework Agreement, the parties agreed to utilize their respective strength, enhance mutual trust and benefit and commence comprehensive cooperation, including to utilize advanced infrastructures to provide cloud services to the region centered on computing power, data and artificial intelligence and to take further active part in the "AI+" initiatives of the People's Republic of China ("PRC"); utilize the resources of the parties to explore technology empowerment for sectors and support the digitalization upgrades of relevant industries and to promote technological development and practical application of technologies; and facilitate further market-based cooperation with a view to develop an internationalized platform based in Fujian to foster technological and innovative development cross-strait and in Southeast Asia.