Xinzhongyuan (Nanchang) Real Estate Development Co., Ltd.

Lvhu Holdings Co., Ltd. is composed of two major shareholders: Guangdong Yuanbang Real Estate Development Co., Ltd. (a Singapore-listed company, stock code: china yuanb/BZX.s1) and Xinzhongyuan Group Co., Ltd. Xinzhongyuan (Nanchang) Real Estate Development Co., Ltd. is a directly affiliated enterprise of Lvhu Holdings. Xinzhongyuan (Group) was founded in Macau in 1984. It is a large-scale conglomerate integrating ceramic sanitary ware production and sales, real estate development, and hotel operations. The group company has successively won many honors such as "China Well-known Trademark", "China Top Brand Product", "National Inspection-Free Product", and "National Advanced Enterprise in Quality Management". Its product sales occupy an important position in the domestic market, and its overseas marketing network covers more than 120 countries and regions around the world. It is currently one of China's largest exporters of building ceramics and one of the world's largest modern architectural ceramic manufacturers, and is widely recognized in the industry as the "Aircraft Carrier of Building Ceramics". Xinzhongyuan Real Estate is a large-scale comprehensive development enterprise integrating real estate development, construction, planning, design, sales, property management, and hotel investment and management. Its subordinate enterprises include: Zhongyuan Asia Pacific Holdings Co., Ltd. (overseas), Foshan Xinzhongyuan Real Estate Development Co., Ltd., Xinzhongyuan (Nanchang) Real Estate Development Co., Ltd., Xinzhongyuan (Mianyang) Real Estate Development Co., Ltd., Zhaoqing Xinzhongyuan Real Estate Development Co., Ltd., Huaxia Xinzhongyuan Hotel Co., Ltd., Xinzhongyuan Property Management Co., Ltd., and Nanchang Changhao Real Estate Consulting Co., Ltd.