China High-Tech: Subsidiary Receives Contract Termination Letter from Ping An Real Estate

People’s Financial News, March 15 — China High-Tech (600730) announced on March 15 that its wholly owned subsidiary, Beijing High-Tech Guorong Asset Management Co., Ltd., received a “Termination Letter” from its related party, Shenzhen Ping An Real Estate Investment Co., Ltd. (“Ping An Real Estate”), on March 12, 2026. The termination pertains to the following agreements signed between the parties: the “Trust Asset Management Delegation Service Agreement for Ping An Trust Arctic No. 1 Property Rights Trust” and its supplementary agreement signed in April 2024, as well as the “Supplementary Agreement (II)” to the same trust asset management delegation signed in September 2024. These agreements are officially terminated from the date the “Termination Letter” is received. The asset management services involved will be arranged separately by Ping An Real Estate. Given that the company’s related asset service business is still in the development stage with limited scale and revenue contribution, the termination of the agreement with Ping An Real Estate does not involve the company’s core main business and will not have a significant adverse impact on the company’s current operations, financial condition, or ongoing business capabilities.