About CHINA OVERSEAS Company

The Company is a publicly listed company incorporated in Hong Kong, and its shares are listed on the Hong Kong Stock Exchange Limited (“Hong Kong Stock Exchange”). The Company's immediate parent company is China Overseas Group Limited, a company incorporated in Hong Kong. The Company's ultimate holding company is China Construction Group Co., Ltd. (“China Construction Group”). The company is a company incorporated in China and its major shareholder is the Chinese government. The Company's registered office and principal place of business is on the 10th floor of Pacific Place Tower 3, 1 Queen's Road East, Hong Kong. The Group's main business locations are Hong Kong, Macau, Beijing, Guangzhou, Shenzhen, Shanghai, Xiamen, Changsha, Jinan, Nanjing, Hangzhou, Suzhou, Chengdu, Tianjin, Xi'an and other regions in mainland China. The Group, including the Company and its subsidiaries, is mainly engaged in real estate development business, commercial property operation business, and other businesses. The Company's functional currency is RMB. The presentation currency for the Company's consolidated financial statements is RMB. The directors of the Company believe that RMB is an appropriate presentation currency for users of consolidated financial statements.