Brief introduction of Hainan Development Holding Co., Ltd.

Hainan Development Holdings Limited (hereinafter referred to as "Hainan Holdings") is a wholly state-owned company approved by the Hainan Provincial Government. Founded on February 2, 2005, it is now a large provincial enterprise managed by the State-owned Assets Supervision and Administration Commission of Hainan Provincial People's Government. By the end of 20 13, the company had total assets of 30.664 billion yuan and net assets of165.25 million yuan.