Will the China Federation be listed as a whole in 2022?

Yes Hualian Co., Ltd. is the abbreviation of Hualian Department Store Co., Ltd. As of June 8, 2022, according to the inquiry of official website of Hualian Department Store Co., Ltd., in the first quarter report of 2022, Hualian Co., Ltd. proposed to be fully listed at the end of the year. Founded in 2007, the company is an investment-oriented enterprise in China. Its main business has changed from department store retail business to investment, development, lease and sales of commercial real estate related to commercial retail, as well as the operation and management of shopping centers.