Changqing Beichen State-owned Enterprise or Private Enterprise

State-owned enterprises Beijing Beichen Industrial Co., Ltd. was established exclusively by Beijing Beichen Industrial Group Corporation on April 2, 1997, and listed on the Hong Kong Stock Exchange in May of the same year, which is a state-owned enterprise. Beijing Beichen Industrial Group Co., Ltd. (hereinafter referred to as "Beichen Group") was established on August 8, 1990, formerly known as the Athletes' Village Service Center of the 11th Asian Games. Wholly state-owned enterprises, whose main business is real estate development, conferences and exhibitions, property management and retail business. 1997, Beichen Group established Beichen Industrial Co., Ltd. with excellent assets and issued H shares in Hong Kong. In 2006, it was listed on the Shanghai Stock Exchange 10, becoming the first real estate listed company with A+H shares in China. Beichen Group has more than 20 branches, wholly-owned subsidiaries and holding companies, with 8,500 employees and total assets of 29 1 100 million yuan. Beichen Group adheres to the business philosophy of "building brand real estate and striving for first-class exhibitions" and has achieved remarkable results.