Wuhan State-owned Assets Management Co., Ltd.

I. Company Profile
Wuhan State-owned Assets Management Co., Ltd. (hereinafter referred to as the Company) was established in 1994 with a registered capital of 4.138 billion yuan. It is a comprehensive state-owned capital operation holding company in Hubei approved by the Wuhan Municipal Party Committee and Municipal Government, and is currently a wholly-owned enterprise of Wuhan SASAC.

Since its establishment, the Company has been committed to reform and innovation in the field of state-owned capital operation. In its early days, it was authorized to manage 556 million state-owned shares and 1.238 billion yuan of state-owned net assets of 24 joint-stock enterprises in the city. In 1997, enterprises in the pharmaceutical, packaging and building materials industries were transferred to it. In 2000, it cooperated in completing the restructuring of the city's financial industry, using its financial assets such as Wuhan Securities and Wuhan International Trust to establish Wuhan Zhengxin State-owned Assets Management Company. In 2007, it cooperated in completing the restructuring of the city's retail business, using its equity in three listed companies, Wushang, Zhongbai and Zhongshang, to establish Wuhan Commercial Federation Group. Over nearly two decades of operation, its operational thinking and methods have continuously innovated and upgraded from initial equity exit and equity transfer to resource integration and the combination of industry and finance, from equity operation to listed company operation, platform building and industrial chain cultivation. Its operational fields and industries have been continuously adjusted and optimized from the initial industrial manufacturing field to financial services and advantageous industries. It has successively cultivated and managed 10 listed companies including Wushang, Zhongbai, Zhongshang, Mayinglong, Jianmin, Changyin, Wusu, Wushiyou, Wuhan Cable and Shuanghu Coating. At the same time, it innovatively combined enterprise restructuring, revitalization of existing assets and industrial cultivation, successively completing the restructuring of 32 difficult enterprises and resettling nearly 20,000 employees. While developing and growing, the Company successfully completed the historic task of restructuring and turning around difficult enterprises.

II. Participating and Holding Enterprises
The Company's holding enterprises include: Wuhan Commercial Federation (Group) Co., Ltd., Wuhan Guochuang Capital Group Co., Ltd., Wuhan Huayu Trusteeship Co., Ltd., Wuhan Huahan Real Estate Group Co., Ltd., Wuhan Xinxing Pharmaceutical Technology Co., Ltd., Wuhan Xinke Investment Co., Ltd., Wuhan Pharmaceutical Industry Base Investment Co., Ltd., and Wuhan Donghu Innovation Technology Investment Co., Ltd.

The main holding enterprises are as follows:
1. Wuhan Commercial Federation (Group) Co., Ltd., which mainly has three commercial listed companies, namely Wushang Group, Zhongbai Group and Zhongshang Group.

2. Wuhan Guochuang Capital Group Co., Ltd., mainly engaged in financing guarantee services for small and medium-sized enterprises, with multiple financing service formats under it such as guarantee companies, financial leasing companies, microfinance and pawnshops.

3. Wuhan Huahan Real Estate Group Co., Ltd., mainly engaged in the development of commercial real estate and industrial real estate, and is now actively promoting the investment and development of technology real estate. Its subsidiaries include Wuhan Smart City Industry Company and Huahan Property Management Company.

4. Wuhan Donghu Innovation Technology Investment Co., Ltd. (Donghu Venture Capital), is a wholly state-owned equity investment institution, and the company adopts a market-oriented operation mechanism. It has several investment management companies and is entrusted with managing 5 billion yuan of government guidance funds.

Its main participating enterprises include Tianfeng Securities Co., Ltd., Wuhan Rural Commercial Bank Co., Ltd., Hankou Bank Co., Ltd., Mayinglong Pharmaceutical Group Co., Ltd., and Wuhan Haier Electric Co., Ltd.