Relationship between Zhuzhou Water Group and Fengyuan Group

Fengyuan Group is a wholly-owned subsidiary of Zhuzhou Water Group. According to relevant data, Hunan Fengyuan Water Investment and Construction Co., Ltd. was established in June 2007. It is a wholly-owned subsidiary of Zhuzhou Water Investment Group Co., Ltd., with three branches including Jian 'an No.1 Branch, Jian 'an No.2 Branch and Water Supply Service Branch, and a wholly-owned subsidiary of Zhuzhou Fengyuan Asset Management Company. Hanshou Tianchuang Water Co., Ltd. and Zhuzhou Baishigang Water Environment Co., Ltd., the holding subsidiaries of Guangyuan Water Supply Equipment Company, are two shareholding subsidiaries.