On 10 March 2021, Lajin Entertainment Network Group Limited entered into the Sales Transaction with GOME Appliance pursuant to the Merchandise Sales Framework Agreement. Pursuant to the Merchandise Sales Framework Agreement, the group will supply various merchandises to the GOME Retail Group. The Group will supply various merchandises to the GOME Retail Group. The general types of merchandises to be supplied by the Group may include (but are not limited to) cosmetics and personal care products, clothing and accessories, shoes, headwear, luggage cases, bags, jewellery, clocks and watches, household products, food, alcohol and beverages, medicine and healthcare products, sporting goods and outdoor products. The specific brand(s), type(s), place(s) of manufacture, price(s), quantity(ies) and other specifications of the merchandises to be supplied by the Group will be subject to further written confirmation(s) between the Group and the GOME Retail Group on normal commercial terms from time to time as needed. The annual transaction amounts shall not exceed the Proposed Sales Annual Caps and if exceeded, the Company will comply with the relevant GEM Listing Rules accordingly. The prices of the merchandises to be supplied by the Group to the GOME Retail Group shall be subject to further written confirmation(s) between the Group and the GOME Retail Group on normal commercial terms from time to time, with reference to actual purchase cost and the prevailing market retail prices and terms of comparable merchandises sold through both online and offline channels. These terms shall be made on a fair and reasonable basis and in accordance with normal commercial terms, which are comparable to those of GOME Retail Group's transactions with other independent third parties. The Proposed Sales Annual Caps in respect of amounts receivable by the Group from the GOME Retail Group under the Merchandise Sales Framework Agreement for the three years ending 31 December 2021 to 2023.