Brief introduction of Wuhan Gehua Group Co., Ltd.

Wuhan Gehua Group Co., Ltd. is one of the large enterprises announced by the state in 2003. Its predecessor was Wuhan gedian Chemical Plant, which was established in 1958 as a large national enterprise. The company is located in the eastern suburb of Jiangcheng Wuhan, bordering the Yangtze River in the north, the railway network of Wuhan to the east and the Beijing-Zhuhai-Shanghai-Chengdu-expressway network in the south, gedian Economic and Technological Development Zone in the east, WISCO and 800,000-ton ethylene chemical new city in the west. 1 Wuhan Gehua Group is an enterprise funded by Wuhan State-owned Assets Supervision and Administration Commission. In 20 12, the general office of Wuhan Municipal Committee issued a notice to transfer Wuhan Gehua Group as a whole to the management committee of Wuhan East Lake New Technology Development Zone (referred to as Donghu High-tech Management Committee for short), and authorized the management committee of Wuhan East Lake New Technology Development Zone to exercise the responsibilities of investor of state-owned assets. Wuhan Gehua Group is the major shareholder of Xianglong Electric Appliance (600769), a listed company, holding 20% equity of Xianglong Electric Appliance. The business operation of Wuhan Gehua Group Company is in the process of transformation and development, and its main business has now been transformed into land development and park development.