About LIU CHONG HING Company

Liu Chong Hing Enterprise Co., Ltd. (“Liu Chong Hing Enterprise”) was founded in 1970. It mainly invests in and develops residential and commercial real estate projects. It operates throughout Hong Kong, China and mainland China, including Guangzhou and Shanghai, and became a listed company in 1972. Since then, it has continued to invest and develop other businesses, including investment holding, property management and agency, loan business, hotel management, financial investment, trade and manufacturing business, stock investment, etc., and there are more than 50 subsidiary companies under it. Currently, the business scope of Liu Chong Hing's enterprise can be mainly divided into: property investment and development. The property categories invested and developed by Liu Chong Hing's enterprise cover residential buildings, commercial buildings and shopping malls. The business includes leasing properties, sale of properties, property development projects and cooperative development projects. The properties owned include Chong Hing Bank Center, Chong Hing Plaza, Venture Mall, Fuhui Court, Shengyumen, Shanghai Chuangxing Financial Center, Foshan Green Lake Oasis Garden, and Foshan Elegant Palace. property management Liu Chong Hing Property Management and Agency Co., Ltd. was established in 1976. It is a wholly-owned subsidiary of the Company and is mainly responsible for managing commercial, commercial and residential properties developed by the Group. In recent years, its business has also expanded to cover third party properties. Hotel management In view of the rapid growth of the Chinese hotel industry and the strong demand for affordable hotel accommodations, the Group has been operating a budget hotel business since 2008. The Group currently has one hotel in Shanghai, one in Beijing, and one in Guangzhou, all operating under the name “Hanting”, a local chain of budget hotels in China. Business in China Maanshan Hi-Tech Magnetic Materials Co., Ltd. is a joint venture of Liao Chuangxing's enterprise. It produces high-performance permanent magnet ferrite materials and exports them to the United States, Europe, Japan, Southeast Asia and other countries. Business exhibition care The Group continues to assume corporate social responsibility and actively participate in and sponsor the charitable activities of various charitable organizations. The Hong Kong Council of Social Service has awarded the Group the “Business Show Care” logo for seven consecutive years. The purpose of this logo is to recognize the Group's status as a good corporate citizen, and it is also an affirmation of the Group's long-term support for charitable activities.