Introduction of Shanghai Jinhong Equipment Engineering Co., Ltd.

Shanghai Jinhong Equipment Engineering Co., Ltd. (hereinafter referred to as "Jinhong Equipment") is a comprehensive housing construction equipment leasing company invested by Hong Xin in the Far East. Jinhong Equipment is headquartered on the 32nd floor of Jinmao Building in Lujiazui, Shanghai, and has a production base in Jinshan, Shanghai, which will be based on rich experience in life cycle management of housing construction equipment assets.