<div align="justify" style="border-left-width: 0px; list-style-type: none; border-right-width: 0px; white-space: normal; border-bottom-width: 0px; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); padding-bottom: 0px; padding-top: 0px; font: 14px 'time now roman'; padding-left: 0px; margin: 0px; letter-spacing: normal; padding-right: 0px; border-top-width: 0px; text-indent: 0px; -webkit-text-stroke-width: 0px"><span style="font-size: 16px"><span style="color: #696969"><span style="font-family: arial,helvetica,sans-serif"><span style="border-left-width: 0px; list-style-type: none; border-right-width: 0px; border-bottom-width: 0px; padding-bottom: 0px; padding-top: 0px; padding-left: 0px; margin: 0px; padding-right: 0px; border-top-width: 0px">The application for registration of the issuance of a short-term bond and medium-term note by Qingdao Conson Development (Group) Co., Ltd. has been approved by the National Association of Financial Market Institutional Investors.</span></span></span></span></div>
<div style="border-left-width: 0px; list-style-type: none; border-right-width: 0px; white-space: normal; border-bottom-width: 0px; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); padding-bottom: 0px; text-align: justify; padding-top: 0px; font: 14px 'time now roman'; padding-left: 0px; margin: 0px; letter-spacing: normal; padding-right: 0px; border-top-width: 0px; text-indent: 0px; -webkit-text-stroke-width: 0px"><span style="font-size: 16px"><span style="color: #696969"><span style="font-family: arial,helvetica,sans-serif"><span style="border-left-width: 0px; list-style-type: none; border-right-width: 0px; border-bottom-width: 0px; padding-bottom: 0px; padding-top: 0px; padding-left: 0px; margin: 0px; padding-right: 0px; border-top-width: 0px">&nbsp;</span></span></span></span></div>
<div align="justify" style="border-left-width: 0px; list-style-type: none; border-right-width: 0px; white-space: normal; border-bottom-width: 0px; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); padding-bottom: 0px; padding-top: 0px; font: 14px 'time now roman'; padding-left: 0px; margin: 0px; letter-spacing: normal; padding-right: 0px; border-top-width: 0px; text-indent: 0px; -webkit-text-stroke-width: 0px"><span style="font-size: 16px"><span style="color: #696969"><span style="font-family: arial,helvetica,sans-serif"><span style="border-left-width: 0px; list-style-type: none; border-right-width: 0px; border-bottom-width: 0px; padding-bottom: 0px; padding-top: 0px; padding-left: 0px; margin: 0px; padding-right: 0px; border-top-width: 0px">This is the first time for Conson Group to directly finance via debt financing instruments and marks a breakthrough in the field of bond financing following its successful issuance of corporate bonds.</span></span></span></span></div>
<div style="border-left-width: 0px; list-style-type: none; border-right-width: 0px; white-space: normal; border-bottom-width: 0px; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); padding-bottom: 0px; text-align: justify; padding-top: 0px; font: 14px 'time now roman'; padding-left: 0px; margin: 0px; letter-spacing: normal; padding-right: 0px; border-top-width: 0px; text-indent: 0px; -webkit-text-stroke-width: 0px"><span style="font-size: 16px"><span style="color: #696969"><span style="font-family: arial,helvetica,sans-serif"><span style="border-left-width: 0px; list-style-type: none; border-right-width: 0px; border-bottom-width: 0px; padding-bottom: 0px; padding-top: 0px; padding-left: 0px; margin: 0px; padding-right: 0px; border-top-width: 0px">&nbsp;</span></span></span></span></div>
<div align="justify" style="border-left-width: 0px; list-style-type: none; border-right-width: 0px; white-space: normal; border-bottom-width: 0px; word-spacing: 0px; text-transform: none; color: rgb(0,0,0); padding-bottom: 0px; padding-top: 0px; font: 14px 'time now roman'; padding-left: 0px; margin: 0px; letter-spacing: normal; padding-right: 0px; border-top-width: 0px; text-indent: 0px; -webkit-text-stroke-width: 0px"><span style="font-size: 16px"><span style="color: #696969"><span style="font-family: arial,helvetica,sans-serif"><span style="border-left-width: 0px; list-style-type: none; border-right-width: 0px; border-bottom-width: 0px; padding-bottom: 0px; padding-top: 0px; padding-left: 0px; margin: 0px; padding-right: 0px; border-top-width: 0px">If successfully issued, the total financing of the short-term bond and medium-term note, with a respective registered amount of RMB 2 billion yuan and 1 billion yuan, will amount to RMB 3 billion yuan. The senior partner Mr. Xu Peng and lawyer Mr. Li Wei provided full legal services for the issuance.&nbsp;</span></span></span></span></div>

DHH Provided Full Legal Services for the Issuance of Short-term Bond and Medium-term Note by Qingdao Conson Group

XU Peng

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