The board of directors of Yangzhou Guangling District Taihe Rural Micro-finance Company Limited announced that on 23 January 2018, the Company entered into a strategic cooperation agreement with Hushen Financial Holding Asset Management Co., Ltd. for a term of three years, pursuant to which the parties will carry out in-depth cooperation in various fields such as supply chain finance, small and medium-sized enterprise financing and internet finance to further the development of inclusive finance. The Company believes that with its experience in servicing and providing loans to small and medium-sized enterprises, together with the lending business platform and the experience of Hushen Financial Holding in inclusive finance, the parties will work together to explore more flexible, convenient and efficient financial service solutions for small and medium-sized enterprises in the People's Republic of China (the "PRC") to support their rapid growth. The Company will take this as an opportunity to optimize loan services, accelerate market expansion and enhance competitiveness.