The Board of Theme International Holdings Limited announced that on 20 August 2021, King Topwell, a wholly-owned subsidiary of the Company, entered into a Joint Venture Agreement with Zenith Steel, Shanxi Jinnan and Yongfeng Group for the formation of the Joint Venture. Pursuant to the Joint Venture Agreement, the Joint Venture shall be, after its formation, owned as to 51% by the Company, 20% by Zenith Steel, and 20% by Shanxi Jinnan and 9% by Yongfeng Group. The registered capital of the Joint Venture is expected to be RMB 1,000 million. King Topwell will contribute a total amount of RMB 510 million, Zenith Steel will contribute a total amount of RMB 200 million, Shanxi Jinnan will contribute a total amount of RMB200 million and Yongfeng Group will contribute a total amount of RMB 90 million. All the contributions will be in the form of cash. As one of the applicable percentage ratios under Rule 14.07 of the Listing Rules in respect of the total commitment of the Company to the Joint Venture pursuant to the Joint Venture Agreement exceeds 5% but is less than 25%, the entering into the Joint Venture Agreement constitutes a discloseable transaction for the Company under Chapter 14 of the Listing Rules, and is therefore subject to the reporting and announcement requirements of the Listing Rules. The Board announced that on 20 August 2021, King Topwell, a wholly-owned subsidiary of the Company, entered into the Joint Venture Agreement with Zenith Steel, Shanxi Jinnan, Yongfeng Group for the establishment of the Joint Venture.