Yue Ping Yan

Xinxing Development Group Co., Ltd. engages in the asset management, capital operations, and production management. Its business scopes include property management, non-ferrous metal, and trade and logistics industries. Its Property Management business operates department stores, and hotels. Its Non-Ferrous Metal business involves in the mining exploration, smelting, processing, and trade of copper products. The company was founded on March 15, 2007 and is headquartered in Beijing, China.

Xinxing Cathay International Group Co., Ltd. engages in the asset management, capital operations, and production management activities. Its business scopes include metallurgical casting, light industrial textile, equipment manufacturing, business trade and logistics, and modern farming industries. Its products include ductile cast iron pipes, pipe fittings, steel gratings, oil equipment, textiles, garments, and rubber products. The company was founded in June 1950 and is headquartered in Beijing, China.