In order to meet the funding needs for operations and development of Beijing North Star Company Limited (the “Company”), further optimize the Company’s asset structure and ensure its sustainable development, in accordance with the Company Law, the Administrative Measures for Debt Financing Instruments of Non-Financial Enterprises in the Inter-bank Bond Market (《銀行間債券市場非金融企業債務融資工具管理辦法》) and other laws and regulations, the Company proposed to apply to the National Association of Financial Market Institutional Investors for registration
and issuance of not more than RMB4 billion (inclusive) of Medium Term Notes, the specific plan of which is as follows: