Brief introduction of Huatong Group

Qingdao Huatong State-owned Capital Operation (Group) Co., Ltd. was established with the approval of Qingdao Municipal Government on February 29th, 2008. It was transferred from Qingdao Enterprise Development Investment Co., Ltd., Qingdao Hong Xin Company and Qingdao Economic Development Investment Company. It is a wholly state-owned investment enterprise directly under the municipal government. By the end of 2008, Qingdao Huatong Group had a registered capital of 2 billion yuan, net assets of 2.4 billion yuan and total assets of 7 billion yuan, with wholly-owned subsidiaries 12, holding enterprises 12 and 29 shareholding enterprises.