Sunac China Holdings Limited (the “Company”, together with its subsidiaries, the “Group”) is a limited company incorporated in the Cayman Islands. Its shares were listed on the main board of the Hong Kong Stock Exchange Limited (“Stock Exchange”) in 2010. The Group is committed to providing beautiful life scenarios and services for Chinese families through high-quality products and services, integrating high-quality resources with the brand concept of “excellence.” The Group's core business is real estate, and has business segments such as real estate development, property management, ice and snow operation management, cultural tourism, and culture. After more than 20 years of development, the Group has become a leading enterprise in China's real estate industry, a leading ice and snow industry operation service provider, cultural tourism industry operator and property owner, and has the country's leading comprehensive urban development and integrated industrial operation capabilities. Relying on high-quality land reserves and leading product capabilities, the Group's real estate development business is mainly located in the Yangtze River Delta, Bohai Rim, South China, Central and Western regions, and is managed in nine major regions, namely Beijing (including cities such as Beijing, Qingdao and Jinan), North China (including cities such as Tianjin, Harbin and Dalian), Shanghai (including cities such as Shanghai, Nanjing and Suzhou), Southeast China (including cities such as Hangzhou, Fuzhou and Hefei), Central China (including cities such as Wuhan, Changsha and Zhengzhou), and South China Region (including cities such as Guangzhou and Sanya), northwest region (including Cities such as Xi'an and Taiyuan), Chengdu-Chongqing (including cities such as Chongqing and Chengdu), and Yungui (including cities such as Kunming, Guiyang, and Xishuangbanna).