The Relationship between Xugong Environment and Xugong Group

Parent-subsidiary relationship. Xuzhou Xugong Environmental Technology Co., Ltd. was established in August 20 15, and is a wholly-owned subsidiary of Xugong Group Construction Machinery Co., Ltd., so Xugong Environment and Xugong Group are parent-subsidiary companies. Xugong Group Construction Machinery Co., Ltd. (hereinafter referred to as "Xugong Machinery") is the core business and the oldest important member enterprise of Xuzhou Construction Machinery Group Co., Ltd. (hereinafter referred to as "Xugong Group"). It is a 100 billion-level enterprise with large-scale construction machinery industry, complete product variety and series, great competitiveness and influence, and high national strategic position in China.