OVERVIEWActing-in-Concert Agreement • June 30th, 2021
Contract Type FiledJune 30th, 2021Mr. Zhao, Mr. Li, Mr. Liu (who held the interests in the Group for and on behalf of Mr. Li) and Mr. Qiu (each an “Initial Acting-in-Concert Party” and collectively, the “Initial Acting-in-Concert Parties”) entered into an acting-in-concert agreement on 28 February 2014 (the “Initial Acting-in-Concert Agreement”), pursuant to which the Initial Acting-in-Concert Parties agreed to be consistent in decision-making of significant events of Inner Mongolia Hesheng Ecological Forestry Co., Ltd. (內蒙古和盛生態育林有限公司) (now known as Mengshu Group) from the date of the agreement (i.e. 28 February 2014). In the event that consensus could not be achieved, Mr. Li, Mr. Liu and Mr. Qiu agreed to follow the instructions of Mr. Zhao.