Relationship between CCCC Yantai Environmental Protection Dredging Co., Ltd. and CCCC Dredging

CCCC Yantai Environmental Protection Dredging Co., Ltd. is a subsidiary of CCCC Dredging in Yantai City, Shandong Province. CCCC Yantai Environmental Dredging Co., Ltd. is a wholly-owned subsidiary of CCCC Tianjin Waterway Bureau Co., Ltd., a subsidiary of China Communications Construction Co., Ltd., a fortune 500 enterprise and a central enterprise in Yantai. CCCC Dredging (Group) Co., Ltd. (hereinafter referred to as CCCC Dredging) was established in Shanghai, China in May 20 15. It is a specialized sub-group established by China Communications Construction Co., Ltd., the world's leading super-large infrastructure integrated service provider.