About HING YIP HLDGS Company

The main business of China Industrial Holdings Limited is property development and investment, hotel management and investment holding. The Group is committed to product process improvement and technological innovation to improve product quality and added value, adapt to market demand for products, and develop in the direction of diversifying products and opening up new markets. In 2011, the Group decided to discontinue all plate business, and production of all board products was completely stopped in late December 2011. Since the Group's original core business has been terminated, the Group's future operations will mainly focus on other existing businesses — hotel investment, management, and investment and development of real estate projects. In view of the current state of the domestic real estate market, the company will make full use of sufficient cash resources to focus real estate investment mainly on commercial real estate, hotel real estate, industrial carriers, tourist real estate and health, leisure and pension real estate, etc., to actively create conditions to strengthen existing hotel management business and competitiveness around these real estate projects, and at the same time develop other corresponding real estate service industries, such as real estate property management and health, leisure, and pension services, etc., to achieve the smooth transformation of the group and create value for shareholders.