Shanghai New World Development Group

Shanghai New World and its Taiping Bridge reconstruction project were developed by Hong Kong Ruian Group. Ruian Group was founded in Hong Kong on 197 1 by Mr. Luo Kangrui, Chairman of the Group. Now it has developed into a diversified group, and its real estate development, construction and building materials business covers Hong Kong, China and North America. Ryan's corporate culture and long-term goals reflect the group's spirit of pursuing quality, Excellence and innovation.

1997, the group's building materials business was reorganized into a holding company, named as Ruian Jianye Co., Ltd. (hereinafter referred to as "Ruian Jianye"), which was listed on the Hong Kong Stock Exchange in February of the same year. At present, Ruian Jianye is mainly engaged in cement production, construction, building materials and venture capital, and holds more than 20% rights and interests of Ruian Real Estate Development Co., Ltd.

Ruian Real Estate Development Co., Ltd. was established in 2004, combining the major real estate development projects of Ruian in Chinese mainland and gaining the support of many internationally renowned investors. Ruian's real estate development projects can be divided into two categories: multi-functional large-scale commercial and residential comprehensive development projects located in the city center and comprehensive supporting high-quality residential comprehensive development projects in line with the overall urban planning. In the future, Ruian Real Estate will give priority to the Group's real estate development projects in the Mainland.