1. Company scale and business scope: Xiamen Torch Group, with a registered capital of 1.972 billion yuan, is a state-owned enterprise group directly under Xiamen. Its business scope mainly focuses on the management of state-owned capital (assets) within the authorized scope of Xiamen Torch High-tech Industrial Development Zone, and invests in land development and supporting facilities construction in various parks. Jianfa is a comprehensive group in Xiamen, and its business,
2. Industry status and influence: Xiamen Torch Group has a high status and influence in its field, and it is an important operating entity of Xiamen and even the national high-tech industrial development zone, while Jianfa is a comprehensive enterprise group. In contrast, its business scope and influence are not as extensive as Xiamen Torch Group.