Nanchang Xihu Urban Construction Investment and Development Co., Ltd. is a wholly state-owned company established with the approval of the People's Government of Xihu District, Nanchang City, and upon request for approval from the People's Government of Nanchang City and the People's Government of Jiangxi Province, conducting business activities in accordance with the law under the guidance of national macro policies. Company nature: a wholly state-owned limited liability company mainly operating state-owned assets and also possessing the nature of an investment company, established in accordance with the provisions of the Company Law regarding wholly state-owned companies, and a corporate enterprise legal person operating in a standardized manner in accordance with the requirements of a modern enterprise system, with independent legal person status, whose acts and rights and interests are bound and protected by the laws of the People's Republic of China. Company purpose: under government authorization, to efficiently operate state-owned urban construction capital, extensively open up channels for urban construction financing, investment, and capital introduction, improve the operational efficiency of urban construction funds, and promote urban construction, economic, and social development in Xihu District. Business policy: at the request of the district government, the company adheres to the policy of "investment and financing, comprehensive development, revitalizing existing assets, absorbing incremental capital, simultaneous construction and operation, and rolling development," independently manages all state-owned assets within the authorized scope in accordance with the law, with independent accounting, responsibility for its own profits and losses, tax payment in accordance with the law, self-restraint, and self-development. Business scope: the company's registered capital is RMB 100 million. Main business: construction and operation of urban infrastructure projects; comprehensive urban development (including real estate development); interior and exterior house decoration; property management.
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