About LIU CHONG HING Company

Liu Chong Hing Enterprise Co., Ltd. (“Liu Chong Hing Enterprise”) was founded in 1970. It mainly invests and develops residential and commercial real estate projects. Its business covers Hong Kong and mainland China, including Guangzhou, Shanghai, etc., and became a listed company in 1972. Since then, it has continued to invest and develop other businesses, including investment holdings, property management and agency, loan business, hotel management, financial investment, trade and manufacturing business, stock investment, etc., under which there are more than 50 subsidiary companies. Currently, the business scope of Liu Chong Hing's enterprise can be mainly divided into: property investment and development The property categories invested and developed by Liu Chong Hing's enterprise cover residential buildings, commercial buildings and shopping malls. The business includes leasing properties, sale of properties, property development projects and cooperative development projects. The properties it owns include Chong Hing Bank Center, Chong Hing Plaza, Venture Mall, Fuhui Pavilion, Shengyu Gate, Shanghai Chong Hing Financial Center, Foshan Green Lake Oasis Garden, Foshan Elegant Palace, etc. Property management Liu Chong Hing Property Management and Agency Limited was established in 1976 as a wholly-owned subsidiary of the Company and is mainly responsible for managing the commercial, commercial and residential properties developed by the Group. In recent years, its business has also expanded to cover third party properties. Hotel management In view of the rapid growth of the hotel industry in China and the strong demand for affordable hotel accommodations, the Group started the budget hotel business in 2008. The Group currently has one hotel in Shanghai, one in Beijing and one in Guangzhou, all of which operate under the name “Hanting”, a local chain of budget hotels in China. Business in China Ma'anshan Hi-Tech Magnetic Materials Co., Ltd. is a joint venture between Liao Chuangxing and produces high-performance permanent magnet ferrite materials and exports them to the United States, Europe, Japan, Southeast Asia and other countries. Business fair care The Group continues to assume corporate social responsibility by actively participating in and sponsoring the charitable activities of various charitable organizations. The Hong Kong Council of Social Service has awarded the Group the “Caring for the Business Community” logo for seven consecutive years. The logo is intended to recognize the Group's good corporate citizenship and is also an affirmation of the Group's long-term support for charitable activities.