Xinhua Joyful Care Industry (Beijing) Co., Ltd.

Company Overview: Xinhua Home Elderly Care Service (Beijing) Co., Ltd. (hereinafter referred to as Xinhua Home Lotus Pond Premium Elderly Apartment) was established in March 2012 with a registered capital of 960 million RMB. It is a wholly-owned subsidiary of New China Life Insurance. The Xinhua Home Lotus Pond Premium Elderly Apartment project is New China Life's * medical-care integrated continuous care elderly apartment invested in Beijing, located at No. 8 Lianhuachi Xili, Fengtai District, Beijing. The project commenced operations in 2017, primarily providing comprehensive, high-quality, and warm care services for elderly people with chronic diseases, disabilities, semi-disabilities, and cognitive impairments. The apartment has a total construction area of approximately 24,000 square meters, with 206 rooms and about 360 beds. Shareholder Introduction: New China Life Insurance Co., Ltd. (hereinafter referred to as New China Life) was established in September 1996, headquartered in Beijing, and is a large national life insurance enterprise. In 2011, New China Life was listed simultaneously on the Hong Kong Stock Exchange and the Shanghai Stock Exchange, with A-share code 601336 and H-share code 1336. New China Life has a strong sales force and approximately 52,500 full-time employees, establishing an institutional network covering almost all provinces, cities, and autonomous regions nationwide, along with diversified sales channels. It has about 1,700 branches at various levels nationwide, providing convenient and high-quality life insurance, health insurance, personal accident insurance, and pension insurance services to approximately 27.703 million individual life insurance customers and about 60,000 institutional customers. As a key component of New China Life's 'One Body, Two Wings' development strategy, the elderly care industry has formed a multi-product elderly care layout combining urban and suburban areas, with coordination between north and south, through three typical projects over four years. ※ For more information, please follow WeChat official account: Xinhua-Seniorcare (Xinhua Home Elderly Care).