Building DreamStar Technology ^{Withdrawn, Nasdaq: BDS}

Our mission is to provide convenient and flexible co-working space solutions to enterprises. The rapid growth of cities and urban areas in the PRC and the transformation of work culture in China has led to a growing demand for shared working spaces, and has contributed to the growth of the co-working space industry in the PRC. We are a fast-growing integrated co-working space operator in China. According to Frost & Sullivan, as of June 30, 2020, among all co-working space operators in China, we ranked the second in the number of cities covered, and the fifth in the number of co-working spaces under operation. Our co-working spaces are concentrated in the urban areas in the PRC, including many tier one, tier two and tier three cities. Our customers typically spend eight hours in our spaces during weekdays. To build a vibrant community on our co-working spaces, we offer various services to meet our customers’ needs and preferences. While office spaces constitute our core service offering, we support our enterprise customers at most of their stages of development by offering business incubation and acceleration programs to start-ups and SMEs at selected spaces. As of December 31, 2020, we had a total of 49 spaces, with 11 spaces with business incubation and acceleration programs and a total of 363 customers moved in to such spaces with business incubation and acceleration programs.