Brief introduction of Yunnan Chengtou Real Estate Co., Ltd.

Yunnan Chengtou is a modern enterprise with urban construction investment as its main business. Its actual controller, Yunnan Development and Investment Co., Ltd., is a large state-owned enterprise directly under the Yunnan Provincial People's Government. The company will replace the operating real estate assets with all the assets and liabilities of the company except the land use right of 40,647 square meters, and the real estate business will become the core business of the company after the asset replacement. In the future, assets may be further injected to realize the overall listing of real estate business.