CHINA LIT, TENCENT Renew Advertisement/ Online Platform Cooperation Framework Agreements

The cooperation was in relation to placing advertisements which are solicited by the Retained Tencent Group on the Platforms of the Group, and in relation to the distribution of the authorized works (including literature works, audio works and mini drama works) of the Group through the Retained Tencent Group Channels.

The proposed annual caps for the aggregate commissions payable by the Retained Tencent Group to the Group under the Advertisement Cooperation's Continuing Connected Transactions for the three years ending December 2027 are RMB400 million, RMB470 million and RMB550 million, respectively; and the annual caps for the aggregate amounts payable by the Group to the Retained Tencent Group under the Online Platform Cooperation's Continuing Connected Transactions are RMB110 million, RMB130 million and RMB150 million, respectively.