Chongqing Beichen Liangjiang Real Estate Co., Ltd.

Beichen Industrial Co., Ltd. was exclusively initiated and established by Beijing Beichen Industrial Group Co., Ltd. on April 2, 1997, and was listed on the Hong Kong Stock Exchange in May of the same year. In October 2006, it successfully issued A shares and was listed on the Shanghai Stock Exchange. The company's total registered share capital is 3,367.02 million shares, of which A shares are 2,660 million shares, accounting for 79.002% of the total share capital, and H shares are 707.02 million shares, accounting for 20.998% of the total share capital. The company's main business includes property development, property investment (including hotels) and commercial property. Property development is based on the principle of rooting in Beijing and expanding outside Beijing, with development products including residential, apartment, villa, office building, commercial and other diversified, multi-grade property development and sales. At present, the main development projects include: Beichen Green Home, Bihai Fangzhou, Beichen Hongxiang Villa, Beichen Xianglu, Beichen Fudi, Beichen Shuyuan 1900, Contemporary Beichen Yue MOMA, Beichen Delta, Beichen Central Park, Beichen Contemporary You+, Beichen Aoyuan, Hangzhou Shunfa Xuhui Guoyue Mansion Phase I, Hangzhou Shunfa Xuhui Guoyue Mansion Phase II, Beichen Langshi Nanmen Lujun, Suzhou Beichen Xuhui No.1 Courtyard, Beichen Xuhui Boyue Jinling, Chengdu Dayuan Project, Langfang Longhe New District Project, Hefei Luyang District Project, Wuhan Optics Valley Creative Sky Project. The properties held and operated by the company include exhibition, hotel, office building, apartment and shopping center formats, with an area of more than 1.27 million square meters, of which 1.2 million square meters are located in the core area of Beijing Olympic Asian Games Village. The main operating projects are China National Convention Center, Beijing International Convention Center, Beichen InterContinental Hotel, Beichen Wuzhou Crown International Hotel, Beichen Wuzhou Hotel, China National Convention Center Grand Hotel, Beichen Huibin Building, Beichen Huixin Building, Beichen Times Building, Beichen Century Center, Beichen Huiyuan Hotel Apartment, Beichen Shopping Center Asian Games Village Store, Beichen Shopping Center Beiyuan Store, etc. The project outside Beijing is Changsha Beichen InterContinental Hotel. In addition, in the past two years, the company has continued to expand the export of exhibition brands, and at the end of 2015, by integrating the company's exhibition, hotel, information services and other industrial resources, it established Beichen Exhibition Group, building a solid platform and perfect structure for the company's exhibition industry development, and providing broad space for the high integration and innovative development of the company's exhibition economy with new economy, new business and new technology. Up to now, the company has signed a total of 15 exhibition and hotel entrusted management and consulting projects, including Zhuhai International Convention and Exhibition Center, Nanchang International Convention and Exhibition Center and Hotel, Beijing Yanqi Lake International Convention and Exhibition Center, Beijing Jingzhihu Crown Star Resort Hotel, Ningxia International Hall, Hangzhou International Expo Center and Hotel, Lianyungang Xuwei New District Convention and Exhibition Center and Hotel, Wuhan World Trade Center, Tibet Linzhi Hotel, Sanya Financial Forum Conference Center and Hotel. The company adheres to the consistent principle of maximizing shareholder value and the historical mission of "creating property value and building a century-old foundation", and is constantly committed to building a national first-class composite real estate brand enterprise and the most influential exhibition brand enterprise in China. On July 15, 2016, Beichen Industrial successfully acquired the state-owned construction land use rights of three plots in the C sub-district of Yuelai Group, Liangjiang New District, Chongqing at a total price of 2.78 billion yuan. The three plots cover a total area of 429,093 square meters, with a total gross floor area of 918,017 square meters, and a comprehensive floor price of 3,032 yuan/㎡. The Yuelai Group in Liangjiang New District, Chongqing is positioned as one of the urban sub-centers of Chongqing. The planned total area of Yuelai New City is 18.67 square kilometers, consisting of three parts: Yuelai Exhibition City, Yuelai Eco City and Yuelai Smart City. Among them, Yuelai Exhibition City is based on the concept of exhibition center circle, planned and constructed as an international new city integrating exhibition center, conference center, commerce, entertainment, hotel, office building, high-grade residence, landscape and other functions, and capable of undertaking large-scale international exhibitions and comprehensive conferences, festivals and other activities held by manufacturing, commercial and other industries. The land parcel acquired by our company this time is located in the core area of Yuelai Exhibition City, with planned surrounding facilities including Yuelai Exhibition Park, Zhangjiaxi Wetland Park, general hospital, primary and secondary schools, large-scale supporting commerce, rail transit, etc. In the future, it can be built into a composite international comprehensive community with promising development prospects. Beichen Industrial successfully acquired the Chengdu Gaoxin Dayuan plot in May 2015, entering Chengdu for the first time, and has acquired three projects so far. This entry into Chongqing shows Beichen Industrial's strategic willingness to deeply cultivate Sichuan and Chongqing. Beichen Industrial will adhere to the strategic thinking of low-cost expansion, continue to seek high-quality investment opportunities in the Sichuan-Chongqing region, actively expand its real estate territory, and contribute to the development of Sichuan and Chongqing.