On 30 September 2019, the Powerleader Science & Technology Group Limited entered into the Tenancy Agreements with Baoteng Internet, pursuant to which the Company agreed to lease certain premises at Guanlan High-Tech Industrial Park, Longhua New District, Shenzhen, the PRC to Baoteng Internet for a term of three years from 1 October 2019 to 30 September 2022. Aggregate Annual Caps under the Tenancy Agreements: Based on the aforementioned annual caps under 2019 Baoteng Internet IDC Phase 1 Tenancy Agreement, 2019 Baoteng Internet IDC Phase 2 Tenancy Agreement and 2019 Baoteng Internet IDC Phase 3 Tenancy Agreement, it is anticipated that the aggregate amount of rental and other charges payable by Baoteng Internet to the Company under the Tenancy Agreements will not exceed the following maximum figures.