The establishment background of Xinjiang Investment Development (Group) Co., Ltd.

In order to meet the requirements of the new state-owned assets management system, give full play to the influence and driving force of the state-owned economy in the economic development of the autonomous region, build a platform for state-owned capital operation, economic restructuring and investment and financing, and create a new situation in state-owned assets management. In May 2006, according to the general requirements and arrangements of the Party Committee and People's Government of Xinjiang Uygur Autonomous Region for the management of state-owned assets in our region, with the approval of the State-owned Assets Supervision and Administration Commission of Xinjiang Uygur Autonomous Region, Xinjiang Investment and Development (Group) Co., Ltd. (hereinafter referred to as "Trust Investment Group") was newly established by the overall merger of the assets of "Xinjiang Uygur Autonomous Region Investment Company" and "Xinjiang Uygur Autonomous Region Technical Transformation Investment Company", which is a wholly state-owned company directly supervised by SASAC. By the end of 20 1 1, the registered capital of the company was RMB 2.78 billion, and its registered address was Floor 5-7, Zhao Heng International Building, Jiefang South Road 135, Urumqi.