November 18，Wanda Hotel Development Co., Ltd. issued an announcement，Renewed the hotel management framework agreement and property leasing framework agreement with Dalian Wanda Commercial Management Group。The parties agreed to renew the framework agreement due to its expiration on December 31，Wanda Hotel and Dalian Wanda Commercial Management Group entered into a new property leasing framework agreement。

Announcement display，Announcement on November 13, 2018，Hotel Management Framework Agreement and Property Leasing Framework Agreement entered into between the company and Dalian Wanda Commercial Management Group，2019Announcement on October 18, 2020, the company and DalianHotel Design Framework Agreement and Hotel Construction Management Framework Agreement entered into by Wanda Group，and 2021Announcement on June 30, 2019，Product supply frame between the company and Dalian Wanda GroupFrame Agreement。The above framework agreements will expire on December 31, 2021。

To continue the continuing connected transactions，On October 18, 2021, the company entered into a new property leasing framework agreement with Dalian Wanda Commercial Management Group，Accordingly，Dalian Wanda Commercial Management Group Co., Ltd. may lease properties (including offices) in China from time to time、Warehouse and parking spaces) to the Group，The agreement may also include property management services that Dalian Wanda Commercial Management Group Co., Ltd. will provide for the leased properties；Our company has 188bet Online Sports Betting and Casino entered into a new hotel design framework agreement with Dalian Wanda Group，Accordingly，Dalian Wanda Group Company may from time to time engage the Group to provide hotel design services for Dalian Wanda Group’s hotel projects；The company and Dalian Wanda Group entered into a new hotel construction management framework agreement，Accordingly，Dalian Wanda Group Company may from time to time engage the Group to provide hotel construction management services for Dalian Wanda Group’s hotel projects；The company entered into a new product supply framework agreement with Dalian Wanda Group，Accordingly，Dalian Wanda Group Company has agreed to purchase in accordance with the terms and conditions agreed in this agreement，and the Group has agreed to supply such products in accordance with these terms and conditions.

Currently，Wanda Hotel has entered into a novation agreement with Dalian Wanda Commercial Management Group and Dalian Wanda Group，Accordingly，From January 1, 2022，Dalian Wanda Commercial Management Group agrees to the novation and Dalian Wanda Group agrees to assume all rights and responsibilities under the Dalian Wanda Commercial Management Group Hotel Management Framework Agreement。