Luzhou Xinglu Water (Group) Co., Ltd. announced that on 13 December 2023 the Company entered into the Construction Contract with Zhiyuan Real Estate, pursuant to which, the Company agreed to provide water supply pipelines installation services to Zhiyuan Real Estate with a construction period of 60 days in 2023. The main terms of which are set out below: Project: The project under the Construction Contract is Chengtou Yuelaicheng Phase IV Water Supply Pipelines Installation Project, which is located in Changshi New Town, Naxi District, Luzhou City. Scope of Construction Services: The tap water pipelines installation services that the Company agreed to provide to Zhiyuan Real Estate under the Construction Contract include: (1) the installation of water pipelines from the municipal water transporting and distributing principal main pipelines to the pipelines before the commercials balance meters; and (2) the installation of commercials balance meters.

Construction Period: 60 days starting from the date notified by Zhiyuan Real Estate in writing after its prepayment of 80% of construction service fee in accordance with the Construction Contract.