About DOYEN INTL HOLD Company

The Group (formerly Dowell Property Holdings Limited Dongyuan Properties Holdings Limited) obtained a listing status on the Hong Kong Stock Exchange Limited in 1990. Mr. Luo Shaoyu successfully acquired 64.98% of the group's controlling interest through his wholly-owned private company in mid-October 2009 and became the group's controlling shareholder and chairman of the board of directors. The new board of directors under Mr. Luo believes that the restaurant business is still very difficult to operate at present, and that the development space is mainly affected by rising rents and salaries, so it has not been able to develop rapidly. Therefore, the new board of directors will rely on the efforts of the original management team to maintain and improve the restaurant business. At the same time, the new board of directors will also look at other new fields where there is more room for development and a wider market. The Group completed the acquisition of Dongmo in August 2012. This step fully demonstrated its efforts and strength in developing a new investment property business. Furthermore, in August 2014, the Group established a Sino-foreign joint venture, Dongkui Financial Leasing (Shanghai) Co., Ltd., whose business includes financial leasing and the acquisition of domestic and foreign rental properties. The Group has always sought suitable investment opportunities or business opportunities to diversify the Group's business in order to expand the Group's revenue sources. In order to better reflect the future direction of the Group and the business areas it is entering, and enhance our positioning, the Chinese and English name of the Company was changed from “Doxen Energy Group Limited Dongxing Energy Group Co., Ltd.” to “Dowell Property Holdings Limited Dongyuan Real Estate Holdings Limited” in November 2012, and “Dowell Property Holdings Limited Dongyuan Real Estate Holdings Limited” in May 2016 “Holdings Limited” was changed to “Doyen International Holdings Limited”.