Xincheng Yue Service Group Co., Ltd. (the “Company” or “we”, together with its subsidiaries, the “Group”) is a rapidly developing property management service provider in China. We have been providing property management services in China for over 27 years. According to statistics from the China Index Research Institute (“China Index Institute”), we have been a leading growth enterprise in Chinese property management service companies for many years. Furthermore, according to the China Index's Top 100 Property Service Companies, our ranking rose from 34th place in 2010 to 11th place in 2023. As of December 31, 2023, our projects under management have covered 201 cities, with a total construction area under management (“construction area”) of 223.7 million square meters. We provide a wide range of property management services and value-added services to property developers and residents and tenants of the communities we manage. We have also developed the New Orange Club App, a one-stop information service platform. Our residents and customers can enjoy our services through their mobile devices. With our excellent service and increased market popularity, we have established a quality and customer-oriented property management brand.
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