Wancheng Holdings is a property developer that mainly develops residential properties along with supporting facilities such as shops, clubs, and kindergartens. It focuses on the development of Huizhou in Guangdong Province and other regions of China where we think there is potential for development (such as Tianjin and Zhumadian in Henan Province). With years of experience and achievements in property development and property management, we also selectively acquire properties developed by other companies that have potential return on investment, and rent or renovate related properties for sale. Wancheng Holdings was founded by Mr. Wang Tingcong in 2003. With its forward-looking business strategy, the company quickly developed into one of the largest real estate developers in the Huizhou region. The project covered all core regions of Huizhou. After establishing a solid foundation in the Huizhou region, the company began to gradually expand into other mainland markets, entering Tianjin in 2010 and extending its business to Henan in 2017. We mainly develop moderately luxurious high-end residential property projects for middle and high-end groups. As of September 30, 2018, we have 17 development projects in the Guangdong-Hong Kong-Macao Greater Bay Area, Tianjin and Henan, etc., with land use rights covering a total area of about 896,844.45 square meters and land reserves with a total construction area of about 2,103,333.25 square meters. Lay a good foundation for the company's future growth. The company has won many industry accolades for outstanding architectural design, services and sustainable facilities. With further expansion over the next few years, Wancheng Holdings will gradually develop into an extremely large-scale and outstanding real estate enterprise with excellent and professional leadership, a sound financial position, and a high standard level of corporate governance.
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