Weiye Co., Ltd.

Shenzhen Weiye Decoration Group Co., Ltd. was established in 1994 with a registered capital of 208 million yuan. It is an A-share listed company controlled by the state-owned Zhuhai Huafa Group (abbreviated as "Weiye Co., Ltd.", stock code: 300621), and is a decoration enterprise listed on the ChiNext board in China. The company has been ranked among the top of China's architectural decoration "Top 100" enterprises for 19 consecutive years, and has been rated as a "Contract-abiding and Credit-worthy Enterprise" by the Guangdong Provincial Administration for Industry and Commerce for 27 consecutive years. It is a national high-tech enterprise, a national contract-abiding and credit-worthy enterprise, an outstanding enterprise in Guangdong Province, and a well-known brand in Shenzhen. The company holds multiple professional Grade I and Grade A qualifications in architectural decoration construction and design, and has one wholly-owned subsidiary, Weiye Technology, and three controlled subsidiaries: Jiantai Construction, Huafa Jinglong, and Mindong Construction. The company has become a comprehensive enterprise group mainly engaged in architectural decoration design and construction as well as civil engineering construction. Projects undertaken by the company include large venues, star-rated hotels, commercial complexes, cultural, educational, sports and health facilities, transportation infrastructure and other public buildings, as well as ordinary residences, high-end villas and other building engineering construction and decoration construction businesses. With the business philosophy of "sincerity, trustworthiness, quality, and efficiency," Weiye Co., Ltd. has created a large number of premium projects: projects represented by the Great Hall of the People and the Cining Palace of the Palace Museum, projects for Fortune Global 500 enterprises represented by Huawei and Tencent, urban landmark projects represented by Shenzhen Bay No. 1 and the Vipshop Headquarters Building, luxury five-star hotel projects represented by the century-old Raffles Hotel and Beijing Aman at Summer Palace Hotel, and large public building projects represented by Beijing Capital International Airport and Chengdu Tianfu International Airport. Through practical actions, it practices "Shenzhen Speed" and "Shenzhen Quality," has won many engineering awards such as the Luban Prize and the China Architectural Engineering Decoration Award, and has established long-term partnerships with well-known enterprises such as China Resources, Wanda Group, OCT, Tencent, BYD, Mindray, and Pengrui Real Estate, and is deeply trusted and praised by customers as well as the industry and society. Weiye Co., Ltd. is committed to standardized, professional, and regulated corporate management, has established an efficient system of upstream and downstream industrial linkage with factory processing and on-site assembly, and has established a large modern industrial base integrating the production, sales, research and development, and technological innovation of architectural decoration materials. With the concepts of green, energy-saving, emission reduction, and environmental protection, and around the national policy guidance direction of "architectural decoration industrialization" and "green environmental protection construction," it introduces advanced domestic and foreign production equipment and vigorously develops the green decoration industry with the theme of green environmental protection. During the "14th Five-Year Plan" period, the company will focus on the main business of construction and decoration, build a three-dimensional growth model of "endogenous growth + shareholder empowerment + capital assistance," form a development model of "state-owned enterprise strength" + "private enterprise vitality," achieve the improvement of four major goals: revenue, profit, brand, and market value, and strive to build an industry-leading, professional and efficient integrated construction and decoration service provider. Weiye Co., Ltd. announced on April 3, 2023 that, in order to meet the needs of the company's business development, reflect the company's industrial layout and strategic development positioning, and establish the company's long-term brand influence, the company intends to change its Chinese name from "Shenzhen Weiye Decoration Group Co., Ltd." to "Weiye Construction Group Co., Ltd.," and change its English name from "Shenzhen Weiye Decoration Group Co., LTD" to "Weiye Construction Group Co., LTD," while other information such as the securities abbreviation and securities code remains unchanged.