Common use of BOARD’S APPROVAL Clause in Contracts

BOARD’S APPROVAL. The Food and Beverage Resources Usage Agreement and the transactions contemplated thereunder, including the annual caps, were approved by the Board. As at the date of this announcement, there are no overlapping directors between the Company and Beijing Airport Food Management. Moreover, while the executive Directors and the non-executive Directors concurrently serve as directors or senior management of the Parent Company, none of the Directors personally has any material interest in the transactions contemplated under the Food and Beverage Resources Usage Agreement entered into by the Company and Beijing Airport Food Management. Therefore, none of the Directors has abstained from voting at the Board meeting to approve the Food and Beverage Resources Usage Agreement and the transactions contemplated thereunder, including the annual caps. LISTING RULES IMPLICATIONS As at the date of this announcement, the Parent Company is the controlling shareholder of the Company, holding approximately 58.96% of the issued share capital of the Company. Since Beijing Airport Food Management is a wholly-owned subsidiary of the Parent Company, Beijing Airport Food Management is therefore a connected person of the Company. Accordingly, the Food and Beverage Resources Usage Agreement and the transactions contemplated thereunder constitute continuing connected transactions of the Company under Chapter 14A of the Listing Rules. As the highest applicable percentage ratio (as defined in Rule 14.07 of the Listing Rules) in respect of the transactions contemplated under the Food and Beverage Resources Usage Agreement is more than 0.1% but less than 5%, the Food and Beverage Resources Usage Agreement and the transactions contemplated thereunder (including the annual caps) are subject to the reporting, annual review and announcement requirements, but exempt from the Independent Shareholders’ approval requirement under Chapter 14A of the Listing Rules.

BOARD’S APPROVAL. The Food Purchase of Temporary Storage and Beverage Resources Usage Lost and Found Services Agreement and the transactions contemplated thereunder, including the annual capscap, were approved by the Board. As at the date of this announcement, there are no overlapping directors and senior management between the Company and Beijing Airport Food ManagementTourism Business. Moreover, while the executive Directors and the non-executive Directors concurrently serve as directors director or senior management of the Parent Company, none of the Directors personally has any material interest in the transactions contemplated under the Food Purchase of Temporary Storage and Beverage Resources Usage Lost and Found Services Agreement entered into by the Company and Beijing Airport Food ManagementTourism Business. Therefore, none of the Directors has abstained from voting at the Board meeting to approve the Food Purchase of Temporary Storage and Beverage Resources Usage Lost and Found Services Agreement and the transactions contemplated thereunder, including the annual capscap. LISTING RULES IMPLICATIONS As at the date of this announcement, the Parent Company is the controlling shareholder of the Company, holding approximately 58.96% of the issued share capital of the Company. Since Beijing Airport Food Management Tourism Business is a wholly-owned subsidiary of the Parent Company, Beijing Airport Food Management Tourism Business is therefore a connected person of the Company. Accordingly, the Food Purchase of Temporary Storage and Beverage Resources Usage Lost and Found Services Agreement and the transactions contemplated thereunder constitute continuing connected transactions of the Company under Chapter 14A of the Listing Rules. As the highest of the applicable percentage ratio ratios (as defined in under Rule 14.07 of the Listing Rules) in respect of the transactions contemplated under the Food Purchase of Temporary Storage and Beverage Resources Usage Lost and Found Services Agreement is more than 0.1% but less than 5%, the Food Purchase of Temporary Storage and Beverage Resources Usage Lost and Found Services Agreement and the transactions contemplated thereunder (including the annual caps) are is subject to the reporting, annual review and announcement requirements, but is exempt from the Independent Shareholders’ approval requirement under Chapter 14A of the Listing Rules.

BOARD’S APPROVAL. The Food and Beverage Resources Usage Service Building Staff Restaurant Services Management Agreement and the transactions contemplated thereunder, including the annual caps, were approved by the Board. As at the date of this announcement, there are no overlapping directors and senior management between the Company and Beijing Airport Food ManagementJingrui. Moreover, while the executive Directors and the non-non- executive Directors concurrently serve as directors or director, senior management or hold other senior position(s) of the Parent Company, none of the Directors personally has any material interest in the transactions contemplated under the Food and Beverage Resources Usage Service Building Staff Restaurant Services Management Agreement entered into by the Company and Beijing Airport Food ManagementJingrui. Therefore, none of the Directors has abstained from voting at the Board meeting to approve the Food and Beverage Resources Usage Service Building Staff Restaurant Services Management Agreement and the transactions contemplated thereunder, including the annual caps. LISTING RULES IMPLICATIONS As at the date of this announcement, the Parent Company is the controlling shareholder of the Company, holding approximately 58.96% of the issued share capital of the CompanyCompany as at the date of this announcement. Since Beijing Jingrui is a wholly-owned subsidiary of Beijing Airport Food Management Tourism Business, and Beijing Airport Tourism Business is a wholly-owned subsidiary of the Parent Company, Beijing Airport Food Management Jingrui is therefore a connected person of the Company. Accordingly, the Food and Beverage Resources Usage Service Building Staff Restaurant Services Management Agreement and the transactions contemplated thereunder constitute continuing connected transactions of the Company under Chapter 14A of the Listing Rules. As the highest of the applicable percentage ratio ratios (as defined in under Rule 14.07 of the Listing Rules) in respect of the transactions contemplated under the Food and Beverage Resources Usage Service Building Staff Restaurant Services Management Agreement is more than 0.1% but less than 5%, the Food and Beverage Resources Usage Service Building Staff Restaurant Services Management Agreement and the transactions contemplated thereunder (including the annual caps) are is subject to the reporting, announcement and annual review and announcement requirements, but is exempt from the Independent Shareholders’ approval requirement under Chapter 14A of the Listing Rules.

BOARD’S APPROVAL. The Food and Beverage Resources Usage Terminals Drinking Water Facility Management Services Agreement and the transactions contemplated thereunder, including the annual caps, were approved by the Board. As at the date of this announcement, there are no overlapping directors and senior management between the Company and Beijing Airport Food ManagementZhongpeng. Moreover, while the executive Directors and the non-non- executive Directors concurrently serve as directors director or senior management of the Parent Company, none of the Directors personally has any material interest in the transactions contemplated under the Food and Beverage Resources Usage Terminals Drinking Water Facility Management Services Agreement entered into by the Company and Beijing Airport Food ManagementZhongpeng. Therefore, none of the Directors has abstained from voting at the Board meeting to approve the Food and Beverage Resources Usage Terminals Drinking Water Facility Management Services Agreement and the transactions contemplated thereunder, including the annual caps. LISTING RULES IMPLICATIONS As at the date of this announcement, the Parent Company is the controlling shareholder of the Company, holding approximately 58.96% of the issued share capital of the Company. Since Beijing Airport Food Management Zhongpeng is a wholly-owned subsidiary of the Power and Energy Company, which is in turn a wholly-owned subsidiary of the Parent Company, Beijing Airport Food Management Zhongpeng is therefore a connected person of the Company. Accordingly, the Food and Beverage Resources Usage Terminals Drinking Water Facility Management Services Agreement and the transactions contemplated thereunder constitute continuing connected transactions of the Company under Chapter 14A of the Listing Rules. As the highest of the applicable percentage ratio ratios (as defined in under Rule 14.07 of the Listing Rules) in respect of the transactions contemplated under the Food and Beverage Resources Usage Terminals Drinking Water Facility Management Services Agreement is more than 0.1% but less than 5%, the Food and Beverage Resources Usage Terminals Drinking Water Facility Management Services Agreement and the transactions contemplated thereunder (including the annual caps) are is subject to the reporting, announcement and annual review and announcement requirements, but is exempt from the Independent Shareholders’ approval requirement under Chapter 14A of the Listing Rules.