Announcement of the Board of Directors of the Company resolved to invest in the establishment of HOLIDAY GARDEN FM CORP.

 Announcement of the Board of Directors of the Company
resolved to invest in the establishment of
HOLIDAY GARDEN FM CORP.

1.Name of the securities:N/A
2.Trading date:2021/11/19
3.Amount, unit price, and total monetary amount of the transaction:
USD2,500,000
4.Gain (or loss) through disposal (not applicable in case of acquisition of
securities):N/A
5.Relationship with the underlying company of the trade:
Direct and indirect shareholding 100%
6.Current cumulative amount held, monetary amount, and shareholding
percentage of cumulative holdings of the securities being traded (including
the current trade), and status of any restriction of rights (e.g.pledges):
USD2,500,000
7.Current ratio of securities investment (including the current trade, as
listed in article 3 of Regulations Governing the Acquisition and Disposal of
Assets by Public Companies) to the total assets and equity attributable to
owners of the parent as shown in the most recent financial statement and
working capital as shown in the most recent financial statement as of the
present:0.86%�F8.59%�FNTD -101,561,000
8.Concrete purpose of the acquisition or disposal:
Investing in hotels in the US and operating Requirements
9.Any dissenting opinions of directors to the present transaction:None
10.Whether the counterparty of the current transaction is a related party:Yes
11.Trading counterparty and its relationship with the Company:
Parent and Subsidiary
12.Date of the board of directors resolution:2021/11/19
13.Date of ratification by supervisors or approval by
the audit committee:2021/11/19
14.Any other matters that need to be specified:None