China Chengtong Group, established in 1992, is a large enterprise group managed by the State-owned Assets Supervision and Administration Commission of the State Council with total assets of nearly 10 billion yuan. China Chengtong Holding Company is the parent company of the Group. Chengtong Group owns two listed companies, China Chengtong Development Co., Ltd. and China Storage Development Co., Ltd., and will concentrate superior resources to develop listed companies and realize the strategic goal of entering the capital market as a whole.