1. The two companies signed a cooperation agreement to confirm the cooperation of relevant departments and personnel.

2. The two companies have reached a cooperation agreement, and determined the future business strategy, namely registration, stock, etc.

3. The two companies need to formulate the articles of association of the joint venture company;

4. The two companies shall conduct internal examination and approval of the articles of association of the joint venture company to be established, and at the same time conduct preparatory work such as pre-examination and approval of the new company to be established.

5. The two companies hold a general meeting of shareholders to announce the establishment of the new joint venture company and whether the articles of association have been passed, and to announce the board of directors, the board of supervisors and other senior management personnel of the new joint venture company;

6. The two companies need to assign management personnel to the industrial and commercial bureau to submit applications, register the newly established joint venture company, apply for business licenses, handle tax reports and apply for tax registration certificates.

Legal basis: Article 4 of the Partnership Enterprise Law of People's Republic of China (PRC). The partnership agreement shall be reached by all partners through consultation and concluded in writing.