On April 15, 2024, the company's first quarter office and safety meeting was held in Room 1508, 15th floor, Building 11, Xixi Bafangcheng. A total of 16 people attended the meeting, including the Chairman of the Board of Directors Ye Tianyun, Vice Presidents Chen Xiangjing, Yu Chunxiang, Shen Guanqin, as well as mid to senior level leaders and related personnel from various business departments and functional departments of the headquarters. The meeting was chaired by Wu Shengping, Director of the CEO's Office.

At the meeting, the finance department of the group first reported on the completion of various financial and operational indicators of each business unit of the company for this quarter, as well as the focus on reporting on the work progress of various modules such as leasing, accounting, taxation, financing, and statistics of the group. The Asset Investment and Operation Center and the President's Office reported on the completion of the group's asset leasing, investment and operation work, as well as the progress of internal management modules such as personnel status, project application, legal affairs, corporate culture, and safety production in this quarter. At the meeting, each first level department and internal entrepreneurship platform reported and exchanged information on their department's business performance, completion of various work tasks, improvement of quarterly work deficiencies, and next quarter's work plan arrangements for this quarter.

At the meeting, the company's executive team reviewed and commented on the work of this quarter, and arranged and planned the work for the next quarter.

Safety responsibility is more important than Mount Tai, so we should always tighten the safety string and consolidate safety work. The safety committee should strengthen the implementation of the group company's safety management work, enhance safety inspections and management of leased assets, various project departments, production bases, etc., to ensure that all safety measures are effectively implemented. All departments should take on-site inspections by government regulatory departments at all levels seriously and make serious rectifications. The responsibility for safety is significant, as it concerns the lives of employees, corporate reputation, and customer trust. We treat safety issues equally and will not tolerate any negligence. Always maintain a high level of vigilance to ensure safety and security, and safeguard the stable development of the company.

Enhance the core competitiveness of the enterprise and strengthen its profitability. Each department should deeply recognize that in the fierce market competition, possessing unique and irreplaceable core competitiveness is the key to the survival and development of enterprises. Currently, the profitability of enterprises is limited, and the per capita profit creation of employees still needs to be significantly improved. The two major business units should have a sense of crisis, actively seek and cultivate their core competitiveness, continuously improve profitability, and respond to the changing market situation. To clarify the future development direction, be brave in exploring and innovating, ensure that enterprises stand firm in market competition, and achieve long-term and sustainable development.

Enhance investment and operation capabilities, and establish an efficient and professional investment and operation team. The Asset Investment and Operation Center shoulders a heavy responsibility, not only to promote the construction of the Bafangcheng Cultural and Sports Park, but also to introduce new tenants of all formats such as apartments, shops, and office buildings in the park. The investment task is arduous. We need to act quickly, carefully select and form a team for investment and operation, take multiple measures, and make comprehensive efforts to promote investment work with efficient and professional investment and operation strategies. Ensure the smooth achievement of investment targets and inject strong momentum into the sustained and healthy development of the company.

Bafangcheng Cultural and Sports Park is creating a new model of private capital self operation, leading the new trend of cultural and sports project construction and operation. Showcasing the outstanding ability of social forces in cultural and sports projects, injecting new vitality into the industry. Set a goal of 30000 members and create a super club internet celebrity landmark. By innovating the layout, shaping a deep sense of experience and social scenes, and creating a new model of integrated development of "culture+sports+business+social". Combining the vitality of sports with the new format of e-commerce live streaming, we aim to open a new chapter in the company's cultural and sports industry, and build a unique brand value. Looking ahead to the future, the Bafangcheng Cultural and Sports Park will undoubtedly become a new cultural landmark in the city, leading the new trend of the cultural and sports industry, and creating a magnificent national fitness and leisure center covering an area of 220 acres.