Junyu Foundation Group Co., Ltd. The Group includes the Company and its subsidiaries, including the main operating subsidiary Hongchang Construction Foundation. The main business milestones of the Company and its Hong Kong subsidiary's corporate group are described below. The history of the Group began in 1996. Hongchang Construction and Transportation Engineering Co., Ltd. (“Hung Cheong Construction Transport”) was incorporated in Hong Kong. Its main business is foundation engineering and other construction projects. Hongchang Construction Foundation (Group) Co., Ltd. (“Hung Cheong Construction Foundation”) was incorporated in 2009. Its main business is to provide underground drainage and earthwork subcontract services.