What is the relationship between Yantai Xinhua Industry and Finance and Vanke?

Yantai Xinhua Industrial Finance is a subsidiary of Vanke. According to Vanke official website, Yantai Xinhua Property Co., Ltd. is a developer company from Yantai, which belongs to Vanke Group. Yantai Xinhua Real Estate Co., Ltd. was established on May 22, 2020. The legal representative is Wang Rende, and the business scope of the company includes: general projects: social and economic consulting services; Non-residential real estate leasing; Real estate agent; Real estate consulting; Property management; Enterprise management consulting.