About FUJIAN HOLDINGS Company

The predecessor of Mingang Holdings Co., Ltd. was founded in 1958 in Hong Kong, China, and listed in 1973. In the past, it mainly engaged in investment holding, property development, and the hotel business in China. Huajing Technology Investment Co., Ltd., the majority shareholder that currently holds 53.14% of the shares, is a wholly-owned subsidiary of Huamin Investment and Development Co., Ltd., which belongs to the Fujian Provincial Government. Huamin Investment and Development Co., Ltd. is a comprehensive and diversified enterprise group established overseas with the approval of the state, and has a certain influence in Hong Kong society. Currently, the company's main business includes investment holdings and hotel business. In the operating environment under the CEPA agreement, taking advantage of the resource advantages and healthy financial situation of mainland China, active efforts are being made to seize business opportunities that are constantly emerging in mainland China and Hong Kong, China, to expand business, improve asset quality, and strive for better operating results. We are actively looking for new business categories that can improve the Group's operations and profitability to broaden the Group's profit base.