About YE XING GROUP Company

Yexing Group Holdings Co., Ltd. (“Hongkun Property”, stock code 01941.HK) was founded in 2003. It is a property management service provider under the Hongkun Group. It has the qualification of a national-level property service enterprise and is a governing unit of the China Property Management Association. It currently has 17 years of property management experience, and mainly focuses on providing comprehensive property management services for residential and non-residential properties in China. With excellent service quality and excellent customer reputation, it has been selected as one of the top 100 property service companies in China for many years, and ranked 48th in terms of overall strength among the top 100 property management companies in 2019. According to the total floor area under management, it ranked 21st in the Beijing property management market in 2018, and ranked 9th in the property management market for developers affiliated with non-state-owned enterprises in Beijing. 2. Business Overview: The Group provides three types of services, namely: (1) Property management services This includes residential and non-residential properties (mainly including office buildings, shopping malls, shops and other facilities such as stadiums) to provide repair and maintenance services, security, cleaning and gardening, management and rental of parking spaces, and other property management related services. (2) Services related to property developers This includes co-marketing services, pre-delivery cleaning and preparation services, post-delivery maintenance services, and planning and design consulting and inspection services. (3) Value-added services Includes home living services and rental of common areas. As of February 2020, Yexing Group's service projects covered the Beijing-Tianjin-Hebei, Yangtze River Economic Belt, Hainan Free Trade Zone and other provinces and cities, providing lifestyle services for more than 0.1 million owners and users. The total revenue under management is approximately 5.2 million square meters, and the contract construction area is 8 million square meters, including 24 residential properties and 17 non-residential properties. 3. Competitive Advantages (1) Through a long-term stable business relationship with the parent group Hongkun Group, the competitiveness of Yexing Group has been enhanced. Hongkun Real Estate (a member company of Hongkun Group) is a leading property developer in the Beijing-Tianjin-Hebei region. A good cooperative relationship with the parent group will continue to provide a stable source of revenue for Yexing Group, and the competitiveness of Yexing Group will be enhanced by the parent company's growing project reserves and property development project portfolio. (2) We have established a brand image and reputation that wins with quality and reliable service. Yexing Group has a good track record in providing high-quality property management services. It has received many awards and recognitions over the years. Since 2016, it has been selected as one of the top 100 property service enterprises in China by the China Index Research Institute for 4 consecutive years, and was issued a first-class qualification certificate for property service enterprises in the People's Republic of China by the Ministry of Housing and Construction in 2017. (3) An effective internal management system has been established to promote operational efficiency and standardization of procedures. (4) The management team is experienced and has extensive industry expertise.