About CH OVS G OCEANS Company

The predecessor of China Overseas Hongyang Group Co., Ltd. (hereinafter referred to as “China Overseas Hongyang” or the “Company”) was Shell Electric Industrial (Group) Co., Ltd., which was founded in 1955 and listed on the Hong Kong Stock Exchange in 1984. In March 2010, China Overseas Development Co., Ltd. (00688.HK) completed the acquisition of Shell Electric Industries (Group) Co., Ltd. and officially changed its name to China Overseas Hongyang Group Co., Ltd. (00081.HK). China Overseas Development Co., Ltd. (hereinafter referred to as “China Overseas Development”) was incorporated in 1979 in Hong Kong, China. It is the flagship enterprise of China Overseas Group Co., Ltd., a wholly-owned subsidiary of China Construction Engineering Corporation in Hong Kong, the largest construction and real estate complex enterprise group in China. In August 1992, China Overseas Development was listed on the Hong Kong Stock Exchange, pioneering the direct listing of Chinese enterprises with local business assets in Hong Kong, China. China Overseas Development has national-level real estate development qualifications. It was selected as a constituent stock of Hong Kong's Hang Seng Index in December 2007, and its “Zhonghai Real Estate” brand has developed into a leading brand in China's real estate industry. With its enterprising spirit and scientific and rigorous management, China Overseas Hongyang has always been committed to specialization and large-scale development. The core business is real estate development and sales. It has successfully invested and developed many best-selling boutique properties in 17 cities and regions including Beijing, Guangzhou, Shanghai, Hohhot, Guilin, Yinchuan, Jilin, Hefei, Nanning, Lanzhou, Ganzhou, Yangzhou, Nantong, Changzhou, Yancheng, Shaoxing, and Shantou. In addition, the Company is also involved in real estate-related property investment and property management business. After just a few years of dedicated development, the company has received many awards and has been selected for the “Morgan Stanley Capital International (MSCI) China Small Cap Index Component Stock” and the “Hong Kong Hang Seng Index Series (Hang Seng Global Composite Index HSGCI, Hang Seng Composite Index HSCI) Series Component Stocks”. In November 2013, the company won the “Top 10 Turnover Growth Rate” award in the “Hong Kong Stock Top 100” selection. The company has formed a value chain system covering the whole process of real estate development, including real estate investment, planning and design, building construction, marketing planning, after-sales service and property management. In the future, the company will continue to use its excellent management model, a wide range of professionals, good quality, and high-quality service to better serve the community and create value for shareholders.