Shanghai Municipal Government Approval for the Establishment of Shanghai Guomao Holding Co., Ltd.

Document No.: Hufu [2025] No. 72

To: Shanghai State-owned Assets Supervision and Administration Commission:

Your document No.: Huguozi [2025] No. 21 has been received. After review, the municipal government approves the establishment of Shanghai Guomao Holding Co., Ltd. Please coordinate with relevant departments and units to complete the company registration and other procedures in accordance with legal requirements and standard processes.

This serves as official approval.

Shanghai Municipal Government