Is Wang Zheng responsible for the commercial management of Zhongxin City?

Yes CITIC City Development and Operation Co., Ltd. (hereinafter referred to as "CITIC City Development") is a wholly-owned subsidiary of China CITIC Group Co., Ltd. (hereinafter referred to as "CITIC Group"). Wang Zheng is responsible for the development of CITIC City, with a registered capital of 7.86 billion yuan and a registered place in Beijing. Citic Cheng Kai insists on urban development and operation business as the core, financial innovation as the means, and coordinated development of industrial operation and real estate development, providing a package of solutions for urban regional development from planning and design, investment and financing, industrial introduction, infrastructure construction, real estate development, asset operation and other aspects, creating a new urban regional center, and promoting the transformation and upgrading of urban regional economy and sustainable development and prosperity.