Group Structure of Shenyang Heavy Machinery Group Co., Ltd.

Shenyang Heavy Machinery Co., Ltd. is an independent and self-financing legal entity jointly funded by Shenyang Heavy Machinery Group Co., Ltd., Huarong Asset Management Company, Cinda Asset Management Company and Great Wall Asset Management Company. It is a holding subsidiary of Shenzhong Group Company. It is a heavy machinery and equipment manufacturing enterprise that mainly designs and manufactures large-scale technical equipment such as power stations, metallurgy, steel rolling, forging, mines, cement, wood-based panels, military industry and environmental protection. The annual production capacity is 654.38 million tons of steel, 20,000 tons of steel castings, 20,000 tons of forgings, 654.38 million tons of structural parts and 30,000 tons of mechanical products.