Huaxing Holdings Limited (the “Company”) was listed on the GEM of the Hong Kong Stock Exchange Limited on July 7, 2014, stock code: 8237. Since 2007, the company has opened Huaxing Hotel in Singapore to operate the hotel business. China Star Hotel is a four-story “boutique” hotel located in two buildings on both sides of Tiong Bahru Road in Singapore. Huaxing Hotel has a total of 288 guest rooms and suites, each equipped with Chinese, Malaysian, Indian and modern themed design styles. The Huaxing Hotel was converted from two public housing buildings called the “Red House”. The buildings are protected buildings, and the original structure of the building and the red exterior wall style were preserved during the renovation. Thanks to its strategic and convenient location, perfect facilities, and high-quality service, Huaxing Hotel has won many awards and attracted business travelers and tourists from different regions. In June 2014, the company completed the acquisition of Bintan assets. Bintan's assets are located in Indonesia and consist of 62 plots of land, with a total area of about 425,497 square meters. Huaxing Holdings aims to maintain its unique position as a “boutique” hotel in Singapore and expand its business to other Southeast Asian countries, and Bintan assets will become a new business growth point for the company.