What is the relationship between CITIC and Dachanghang Group?

A closely connected relationship. Dachanghang Group is a wholly-owned subsidiary of CITIC, which is closely related to profit. China CITIC Group Co., Ltd. was established in 1979. In August 2022, it was ranked 102 in the Fortune Global 500 in 2022. Its industry involves real estate, project contracting, resources and energy, infrastructure, machinery manufacturing, information industry and other industries and fields, with strong comprehensive advantages and good development momentum.