What is the relationship between MCC Real Estate and MCC Group?

MCC Real Estate Group Co., Ltd. (hereinafter referred to as MCC Real Estate Group) is a large-scale state-owned real estate development enterprise wholly owned by China MCC and the core enterprise of China MCC's real estate business, with national first-class real estate development qualification. MCC Real Estate Group is a large state-owned real estate development enterprise wholly owned by New China Minmetals and MCC, and it is also the core enterprise of MCC's real estate business.