Introduction of Guangzhou Development Group Co., Ltd.

Guangzhou Development Group Co., Ltd. was established in September 1989 with a registered capital of 40.26197,400 yuan. Mainly engaged in the investment, operation and management of comprehensive energy business, it is a state-owned asset management institution authorized by Guangzhou. At present, the company's total assets exceed 25 billion yuan, net assets exceed 654.38+0.2 billion yuan, and annual operating income exceeds 654.38+0 billion yuan. It owns more than 30 wholly-owned and holding enterprises, including Guangzhou Development Industrial Holding Group Co., Ltd., Guangzhou Electric Power Enterprise Group Co., Ltd. and Guangzhou Gas Company, with more than 6,700 employees. The comprehensive strength of the company has entered the top 50 industrial enterprises in Guangdong Province and the top 500 in China.