General situation of Fujian Longde Group

Fujian Longde Group Co., Ltd., established in 2003, is a diversified and trans-regional large-scale private enterprise group focusing on cultivating infrastructure investment, real estate investment and resource investment and development. The Group is based in Fujian, radiating the whole country and looking at the world, with nearly 10 wholly-owned, holding and shareholding enterprises. Existing construction projects are distributed in Fujian, Beijing, Anhui, Gansu, Yunnan, Guizhou, Inner Mongolia and other places. In recent years, the Group has further improved its development strategy, seized the opportunity of the national investment system reform, took the lead in investing in large-scale infrastructure projects, and actively participated in the reform of the property rights system of state-owned enterprises. In 2006, the Group invested about 2 billion yuan in BOT to develop and construct the key projects in the 11th Five-Year Plan of Fujian Province and the largest beach reclamation project in Fujian Province-Xiapu Funing Bay Reclamation Project, from which the Group will gain more than 30,000 mu of agricultural land franchise income and 2,600 mu of coastal new town construction land income. In 2007, it cooperated with China Railway Corporation, a fortune 500 enterprise in the world, and invested 3 billion yuan to develop Mazu City, a new coastal city in Putian, with an area of 5.68 square kilometers. The Group is determined to become a strategic partner of local governments in economic development. Especially as the first enterprise member of Boao Forum for Asia in Fujian, the Group maintains extensive and close ties with elites from all walks of life in Southeast Asia, Hong Kong, Macao and Taiwan. It has also cooperated with relevant government economic research institutions, and achieved certain results in discussing and exploring China's regional economic development strategy and growth model; The Group is also one of the active advocates of "Haixi Development Strategy". Initiated by the relevant departments of Fujian provincial government, the "Economic Forum on the West Side of the Taiwan Strait" was successfully held in 2006 and 2007, which made positive contributions to accelerating the economic development of the Haixi region and promoting cross-strait cultural exchanges and economic docking. At the same time, the group actively participated in social welfare undertakings and charitable activities, and donated nearly 10 million yuan to public welfare undertakings.