The Board of Jujiang Construction Group Co., Ltd. announced that on 10 March 2023, the Company entered into the Master Agreement with Jujiang Holdings Group for a term from 13 March 2023 to 31 December 2023, Jujiang Holdings Group agreed to engage the Group to provide construction contracting services such as building construction, foundation work, curtain wall construction, building decoration and fire equipment installation to Jujiang Holdings Group. Pricing policy: The Group and Jujiang Holdings Group agreed that the transactions shall be conducted on normal commercial terms, in particular: on terms no less favourable to the Group than terms available to or from (as appropriate) Independent Third Parties; in the ordinary and usual course of business of the Group and conducted after arm's length negotiations; and will not exceed the applicable annual caps. REASONS FOR MASTER AGREEMENT: Taking into account that the Group has already provided construction contracting services to Jujiang Holdings Group in the past and that provision of such services has offered stable and considerable profits to the Group historically, our Directors (excluding the independent non-executive Directors) consider that it is in the interests of the Company and the Shareholders as a whole to continue our relationship with Jujiang Holdings Group and to provide construction contracting services to Jujiang Holdings Group by entering into the Master Agreement and proposed the annual caps.