$Secoo(SECO)$  Secoo Group (NASDAQ: SECOO), Asia's leading online and offline boutique lifestyle platform, today announced that Secoo Group and Jinan Shanzaicheng Development Co., Ltd. (hereinafter referred to as "Shanzaicheng Company"), a subsidiary of Shandong Mingshui Guokai Development Group Co., Ltd. (hereinafter referred to as "Guokai Group"), have reached a deep cooperation. Both parties will invest their own superior resources in the luxury goods supply chain, international trade, Jinan and Shandong regional market development Cooperate in the operation and consumption upgrading of physical stores to achieve industrial expansion and upgrading and win-win results for both sides. In this cooperation, Shanzaicheng is expected to invest about 500 million in the future to support the supply chain cooperation between the two sides.

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