Subordinate institutions of Lanzhou Yatai Industrial Group Co., Ltd.

Lanzhou Yatai Real Estate Development Co., Ltd., Lanzhou Yatai Western Real Estate Co., Ltd., Lanzhou Wantong Real Estate Management and Development Co., Ltd., Lanzhou Yatai Construction Engineering Co., Ltd., Lanzhou Yatai Property Management Co., Ltd., Lanzhou Tongchuang Ye Jia Property Management Co., Ltd., Lanzhou Wantong Real Estate Agency Co., Ltd., Lanzhou Wantong Real Estate Marketing Planning Co., Ltd., Lanzhou Zhongtai Commercial Development Co., Ltd., Lanzhou Yatai Economic and Trade Development Co., Ltd. Fifteen wholly-owned subsidiaries of Lanzhou Tian Fei Liquor Co., Ltd., Lanzhou Yatai Advertising Culture Communication Co., Ltd., Lanzhou Yatai Thermal Supply Co., Ltd., Lanzhou Yatai Catering Co., Ltd. and Lanzhou Yatai Automobile Sales Co., Ltd. have set up Lanzhou Yatai Industry and Trade Group Co., Ltd., and three branches under Lanzhou Yatai Mining Co., Ltd., Lanzhou Tongchuang Ye Jia Real Estate Development Co., Ltd. and Lanzhou Yatai Network Technology Co., Ltd.