Relationship between Xinhe Real Estate Chengdu Company and OCT

Xinhe Real Estate Chengdu Company is a subsidiary of OCT, because OCT holds 80% equity of Xinhe Real Estate Chengdu Co., Ltd. The full name of OCT is Shengqun Development Co., Ltd., which is a wholly-owned subsidiary of OCT. OCT purchased 80% of the shares four years ago. 2065438+September 2007, OCT Shengqun Development Co., Ltd. signed an equity transfer agreement with Xinhe Real Estate China Investment Group Co., Ltd. to acquire 80% equity of Xinhe Real Estate Chengdu Co., Ltd. for 8.767 billion yuan.