Brief introduction of Yuehai Holding Group Co., Ltd.

Yuehai Holding Group Co., Ltd. (hereinafter referred to as "New Yuehai") is a provincial state-owned company reorganized by the Guangdong Provincial Government on the basis of the reorganization of the former Yuehai Group, Nanyue Group and Guangdong Shen Dong Water Affairs Bureau, and is now wholly owned by Guangdong Yuehai Holding Co., Ltd., which is directly supervised by the State-owned Assets Supervision and Administration Commission of the Guangdong Provincial People's Government.