According to Telecom Digital's announcement, the company and its subsidiary ECCOM intend to renew the lease of the related party Electronica Real Estate as an office space on the 16-19 floor of CLP Information Technology Building, No. 127, Bailianjing Road, Pudong New Area, Shanghai, with a total area of 10065.89 square meters. The total rental period is 779.656 million yuan, and the total property management fee is 21.384 million yuan. Denke Real Estate, Property Management Company and Company are controlled by China Telecom, the same actual controller. This transaction constitutes a related transaction and does not constitute a major asset restructuring. As of this transaction, the cumulative amount of related transactions between the company and its subsidiaries and China Telecom and its subsidiaries in the past 12 months was 148 million yuan, which did not exceed 5% of the absolute value of the most recent audited net assets, and there is no need to submit it to the shareholders' meeting for review.

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