On August 4, Sunwah Group and the Pierre & Vacances-Center Parcs Group signed a strategic cooperation framework agreement at Choi Center Cloud House in Beijing. Dr. Choi, Chairman of Sunwah Group attended the ceremony and delivered a speech online. Mr. Laurent Bili, French Ambassador to China, attended in person and delivered a speech. Ms. Diana Dai, Chief Representative of Sunwah Group in Beijing, Mr. Thomas Jouan, Vice President of Marketing and Sales in China of PVCP signed the agreement on behalf of both sides.

Dr. Choi said, the rural revitalization strategy is an important development strategy of China, and the cooperation follows a clear trend and embrace a bright future, hoping that two sides can develop their own advantages, and make contributions to cultural exchanges and tourism cooperation between China and France.

It is reported that the two companies will base on the Dapan Mountain National Nature Reserve, Zhejiang Province to build a leading cultural tourism project to set a sample of Sino-French business cooperation.

Ms. Adeline Dohin, Head of Department Invest, Business France, Mr. Axel Demenet, Economic Counselor of French Ambassy, Mr. Johnson Choi, Executive Director of Sunwah Group, Mr. Gilbert Choy, Representative of Sunwah Group(European Affairs), Ms. Gu Jin, Representative of Sunwah Eastern China and Ms. Li Xiumei, CFO of PVCP in China attended the signing ceremony.