In February 2000, the Dalian office of Horace Investment Consulting Co., Ltd. was established, and its legal representative was Cheng Yijun. The office is the same as Horace in Dalian. The main businesses of these two companies are investment consulting and international economic consulting.
On April 7, 2000, Shanghai Horace Investment Consulting Co., Ltd. was established in Changning District, Shanghai, and its legal representative was Cheng Yijun. Shanghai Horace and its two affiliated companies in Dalian have similar main businesses, including investment consulting, enterprise management consulting and international economic consulting.
In May, 20001,Shanghai Xuedao Education Information Consulting Co., Ltd. (hereinafter referred to as "Shanghai Xuedao") was established, with Cheng Yijun as the company's director.
In April 2002, Cheng Yijun also registered as the legal representative and established Japan Exhibition Investment Consulting (Shanghai) Co., Ltd. (hereinafter referred to as "Shanghai Japan Exhibition"), which was mainly engaged in international economic and trade information consulting, and was later revoked in February 2005. Shanghai Japan Exhibition and Shanghai Horace are two business-related enterprises. As mentioned in the company profile of the former, Shanghai Day Exhibition has formed a stable strategic alliance with "Horace Investment Consulting Company, which is well-known in the industry".