Brief introduction of China Huarong Holdings

China Huarong Holdings Co., Ltd. (hereinafter referred to as "China Huarong") was established in June 1989. Its predecessor was a state-owned enterprise under the State-owned Assets Supervision and Administration Commission of the State Council. After approval, it was restructured and reorganized, operated according to the modern enterprise management system, and registered with the State Administration for Industry and Commerce, headquartered in Beijing. China Huarong actively implements the national strategic policy of promoting integration of defense and civilian technologies's development in an all-round way, adheres to the enterprise purpose of "industry serving the country, strengthening the army and enriching the people", is based on the peaceful use of national defense and military technology, and is committed to promoting the transformation, exchange and application of military and civilian technologies, with the development and utilization of information technology, resources and energy as the main direction of the company's development.