Shanghai State-owned Assets Operation Co., Ltd.

Shanghai State-owned Assets Operation Co., Ltd. is a wholly state-owned limited liability company approved by the Shanghai Municipal People's Government in October 1999, and is an important holding company for strategic financial assets within the Shanghai International Group system. Currently, the company holds equity in several key financial institutions, including Guotai Junan, Shanghai Pudong Development Bank, Shanghai Rural Commercial Bank, and China Pacific Insurance, and has successfully led and participated in the restructuring and reorganization of municipal financial institutions and key state-owned enterprises, effectively promoting the orderly advance and retreat of state-owned capital.

Shanghai State-owned Assets Operation Co., Ltd. will focus on building a business layout of "one body with two wings," with the headquarters as the main body and subsidiaries as the two wings, forming three main business sectors: equity operations, non-performing asset operations, and financial investment. It will concentrate on the core business of local AMC, enhance management and technical capabilities, strengthen brand management, and comprehensively advance the company's new strategy for market-oriented independent development.

Introduction to Shanghai Guoxin Investment Development Co., Ltd.

Shanghai Guoxin Investment Development Co., Ltd. was established in October 2000 with a registered capital of RMB 4 billion. It is a wholly-owned subsidiary of Shanghai State-owned Assets Operation Co., Ltd., primarily engaged in various asset management and consulting advisory businesses, including direct investment, mergers and acquisitions, and financing services. Its business areas involve equity investment: state-owned enterprise mixed-ownership reform investment, PRE-IPO investment, listed company private placement investment, New Third Board investment, and LP investment; debt investment: convertible bonds, exchangeable bonds, quantitative hedging products, and fixed income products.

Introduction to Shanghai Chenggao Asset Operation Co., Ltd.

Shanghai Chenggao Asset Operation Co., Ltd. was established in November 2011 with a registered capital of RMB 315 million. It is a wholly-owned subsidiary of Shanghai State-owned Assets Operation Co., Ltd., primarily engaged in project investment in non-performing asset related fields. Its business areas involve acquisition and disposal of non-performing assets, debt restructuring, special opportunity investment, asset operation, investment advisory, asset custody, and related consulting services.

Introduction to Shanghai Henggao Real Estate Development Co., Ltd.

Shanghai Henggao Real Estate Development Co., Ltd. was established in December 2002 with a registered capital of RMB 100 million. It is a wholly-owned subsidiary of Shanghai State-owned Assets Operation Co., Ltd., primarily engaged in real estate operation, development, and project management, serving as the project company for the office building construction at No. 1 Nandan Road.

Introduction to Shanghai Guoxin Venture Capital Co., Ltd.

Shanghai Guoxin Venture Capital Co., Ltd. was established in March 2017 with a registered capital of RMB 600 million. It is a wholly-owned subsidiary of Shanghai State-owned Assets Operation Co., Ltd. Guoxin Venture Capital primarily conducts venture capital business, focusing on investments in growth-stage enterprises in areas such as innovative medicine and healthcare, fintech, and consumption upgrade.

Introduction to Shanghai Guozhi Real Estate Development Co., Ltd.

Shanghai Guozhi Real Estate Development Co., Ltd. was established in June 2001 with a registered capital of RMB 500 million. It is a wholly-owned subsidiary of Shanghai State-owned Assets Operation Co., Ltd., primarily engaged in project investment in real estate and related fields. Its business areas involve real estate investment, real estate project mergers and acquisitions, equity investment and management, asset management, entrusted investment, investment advisory, and financial consulting.