Joy City Real Estate Co., Ltd. is a large-scale commercial real estate developer and operator focused on developing, operating, selling, leasing and managing complexes and commercial properties in China. COFCO Group Co., Ltd., the ultimate controlling shareholder of Joy City Real Estate Co., Ltd., is a large state-owned enterprise directly under the central government and has been on the Fortune 500 list for 30 consecutive years. COFCO Group is one of the 16 central enterprises approved by the State Assets Administration Commission whose main business is real estate development, investment and management. “Joy City” is the COFCO Group's flagship brand in the commercial real estate field. The Group adheres to the development, operation and management of urban complexes under the Joy City brand as its main business direction. It also develops, sells, invests and manages other property projects, and has four major business segments: investment property, property development, hotel operation, management and export, and other services. As of June 30, 2024, the Group has laid out the core cities and surrounding radiation areas of the five major urban agglomerations, including Beijing-Tianjin-Hebei, Yangtze River Delta, Guangdong-Hong Kong-Macao Greater Bay Area, Chengyu, and the middle reaches of the Yangtze River, and has successfully entered Beijing, Shanghai, Guangzhou, Tianjin, Shenyang, Hangzhou, Nanjing, Chengdu, Xi'an, Chongqing, Qingdao, Wuhan, Kunming, Sanya, Changsha, Suzhou, Xiamen, Nanchang and Hong Kong, and owns or manages 33 COFCO commercial projects High-quality investment properties in prime locations in first-tier cities such as Plaza and the Hong Kong COFCO Tower, Xi'an Yue Popular sales properties such as Yangjing, Sanya Dayue Center, and Xiamen Yunxi No.1 are also in operation, as well as luxury hotels of top international brands such as St. Regis Sanya Yalong Bay Resort, MGM Sanya, and Waldorf Astoria Beijing. The Group's property projects are located in the core area of first-tier or second-tier cities. They have excellent geographical location, excellent quality, and good investment value and value-added space. As a service provider for urban operation and a better life, the Group has always served urban development and a better life for the people, carried out the social responsibility of central enterprises, and worked hard to give back to the country and society!
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