About SMART CITY DEV Company

Zhicheng Development Holdings Co., Ltd. (formerly Dichon Construction International Group Limited) (the “Group”) was listed on the GEM of the Hong Kong Stock Exchange Trading Co., Ltd. (Stock Code: 8268) on January 8, 2015. The group's founding company, Dichen Development Co., Ltd. was founded in 1988. At the time, it mainly operated construction business in China as a general contractor, including building construction, mechanical and electrical installation and interior decoration projects. At the time, our main customers were large and medium-sized real estate companies in Hong Kong, China participating in real estate development and property investment in China. After the Asian financial turmoil in 1997, Hong Kong investors reduced their domestic real estate development and investment. The Group adapted to the changing times and actively developed the construction business in Hong Kong, China, under the holding of several major licenses for construction and decoration in Hong Kong, China. In 2000, the Group acquired Jianwen Engineering Co., Ltd., which mainly engages in mechanical and electrical engineering contracting business, to expand the competitiveness of the Group's construction business in Hong Kong. Jianan is a mechanical and electrical engineering company with a history of more than 80 years, formerly known as “Gilman Engineering Limited (Gilman Engineering Limited)”. Recently, the Group mainly engaged in the construction industry as a contractor and operated business in Hong Kong and mainland China. According to an industry report dated 2014/12/11 prepared by Ipsos Hong Kong Limited, an independent professional market research firm, on the construction industry in Hong Kong and mainland China, in this fiercely competitive construction industry, the Group ranked ninth in providing building construction projects, mechanical and electrical engineering and decoration works in Hong Kong, China as a contractor, with a market share of about 0.6%. The Group serves customers through its head office in Hong Kong, China and mainland China offices in Beijing and Shanghai. Where feasible, the Group also provides limited temporary services to customers in other regional markets from time to time. Since its establishment, the Group has completed various construction projects and mechanical and electrical projects in Hong Kong, China and many major cities in mainland China, totaling over hundreds. The Group's main subsidiaries and joint ventures include the following: - Dichen Development Co., Ltd. Dickson Development Co., Ltd. (“Dickson Development”) is the founder and main wholly-owned subsidiary of the Group when it was established in 1988. It is mainly engaged in general contract construction engineering business. Currently, Dichen Development holds several construction licenses. Dichen Development has experienced international project management and professional talents. They have a good understanding of all kinds of international contract models, specifications and procedure approval requirements (including construction requirements in various parts of China). They have cooperated with many multinational construction companies to build large-scale projects, and have rich practical experience in cost control and contract management. Dichen has developed a broad range of construction business undertakings in Hong Kong and mainland China, and undertakes various types of engineering business, and has a certain degree of competitive advantage. Since its establishment, more than hundreds of construction projects have been completed in Hong Kong and many major cities in mainland China. In addition to the above, Dickson Development also completed various large-scale projects as the main contractor, project management, design and construction (Design & Build) contractor. Jianwen Engineering Co., Ltd. Business development began with James H. Backhouse Limited in 1922. After decades of development, it operated under the name of Gilman Engineering Limited (Gilman Engineering Limited) in the 80s and developed into one of the largest mechanical and electrical companies in the region, providing comprehensive electromechanical engineering services to the region. Jianwen Engineering Co., Ltd. holds a number of mechanical and electrical engineering licences issued by the Works Division of the Development Bureau of the Hong Kong Government of Hong Kong, China, and the Buildings Department. Dichon Engineering Co., Ltd. Established in 2001, it mainly engages in minor engineering and decoration projects in Hong Kong, China, including decoration business for international brand stores. Dickson Engineering Limited holds a comprehensive range of minor engineering licences issued by the Buildings Department of Hong Kong, China. Shanghai Dishen Construction & Decoration Co., Ltd. The joint venture company incorporated in Shanghai in April 1993 has the “Building Decoration Engineering Professional Contracting Level II” qualification certificate and is engaged in the decoration and agency design of projects inside and outside buildings. Dichon (Macau) Construction Co., Ltd. Dichon (Macau) Construction Co., Ltd. was established in Macau, China in August 2005, and is mainly engaged in the decoration business of famous international brand stores in Macau, China. Beijing Changdi Building Decoration Engineering Co., Ltd. It is a joint venture between the Group and Beijing Construction Engineering Group registered in Beijing in March 1990. It is currently a subsidiary of the Group. Beijing Changdi holds the “Building Decoration Engineering Professional Contracting Level 1” qualification issued by the Ministry of Construction of China, and has the “Special Class A for Building Decoration Engineering Design” qualification. A first-level Sino-foreign joint venture that is mainly engaged in construction and large-scale decoration contract projects and has both project planning and management capabilities. The Group's consistent enterprise spirit is to provide customers with high quality and high standards of service based on the principle of “reputation first, service first”. The Group has received the “Luban Award” and “Magnolia Award”, the highest honors in the Chinese construction industry, for completed general construction projects.