On April 15, 2025, Hangzhou Gangrun Industrial Investment Co., Ltd., a wholly-owned subsidiary of Tangqi Joint Stock Economic Cooperative in Tangqi Town, Linping District, Hangzhou, conducted a public bidding for the five-year lease rights of three properties in Lvyin Street, Tangqi Town, Linping District, Hangzhou on the Alibaba Asset Disposal Platform from 10:00 am on April 27, 2025 to 10:00 am on April 28, 2025 (excluding delays). The bidding subject is: the five-year lease rights of three properties in Lvyin Street, Tangqi Town, Linping District, Hangzhou. For specific details, please refer to the following: Table: Subject Number, Property Address, Property Area (㎡), First Year Rent, Starting Bid Price (RMB), Price Increase (RMB), Bid Security Deposit (RMB), Performance Security Deposit (RMB) Floor/Total Floor 1: Business Building No. 317, Lvyin Street, Tangqi Town, Linping District, Hangzhou City, with a total of 2 floors. Floor 1: Business Building No. 317-1, Lvyin Street, Tangqi Town, Linping District, Hangzhou City, with a total of 2 floors. Floor 2: Business Building No. 42.165540020003000010000, with a total of 2 floors. Floor 1: Building 1, No. 339, Lvyin Street, Tangqi Town, Linping District, Hangzhou City, with a total of 6 floors. Floor 2: Total of 506.673711000070000. The bidding bid rent is paid annually and can be used after payment. Bidders need to pay the next rent one month in advance. The total lease term is five years, starting from the second year, the annual rent will increase by 3% on the basis of the previous year's rent, and so on. The performance bond for the bidding subject "House Lease Contract" (Attachment 1: "Model House Lease Contract") is detailed in the table above. If the bidder does not breach the contract or other circumstances upon expiration of the contract, it will be refunded without interest. The rent shall be calculated from the date of signing the "House Lease Agreement" between the bidder and the property owner. After successful bidding, business operations should be regulated and neighboring relationships should not be violated. 3、 Disclosure of Major Matters: (1) The leasing right of this property is a collective asset leasing right, which is not equivalent to online judicial auction. The subject matter is tendered for lease based on its current condition. The actual area shall be based on the final calculated area, and any errors shall not affect the transaction price. （2） There are a total of 3 properties being auctioned this time. Subject 1 and Subject 2 can be used for operating physical stores, convenience supermarkets, fresh fruits and vegetables, and other pollution-free and noise free commercial service industries. Subject 3 can be used for daily office work, e-commerce, and training of commercial enterprises. The specific business industry needs to be approved by the competent department, and it is not allowed to operate without a license and must comply with the overall industrial policies of the street. At the same time, bidders are not allowed to operate in the processing and manufacturing industry; Warehouse logistics (sorting center) industry; Waste material recycling industry; The sales and storage industry of hazardous chemicals; Funeral service industry; Car repair (washing) industry; Other industries that are prone to producing noise, exhaust gas, odors, oil fumes, flammable and explosive substances, as well as other industries that violate socialist ethics and legal prohibitions. （3） Special Reminder: 1. The properties subject to this bidding have no actual users and are in a vacant state. Object 1 and Object 2 are in simple decoration, and Object 3 is in a rough state. After the delivery of the objects, the property owner shall not be held responsible