Jiangxi Hengmao Real Estate Development Co., Ltd.

Jiangxi Hengmao Real Estate Development Co., Ltd. is a real estate development enterprise wholly invested in Nanchang, Jiangxi by Hong Kong Hengmao Group Company. The company was approved to be established in July 1993 by the document Gan Wai Zi Zi [1993] No. 825 of the Provincial Foreign Economic and Trade Commission, with a registered capital of USD 13 million, and its industrial and commercial registration number is Qi Du Gan Zong Zi No. 000233. It was approved by the Ministry of Construction of China as a Grade I qualified real estate development enterprise. It has always adhered to the business purpose of building a brand, ensuring quality, honoring integrity, and providing excellent service, and has insisted on creating a brand through quality and seeking development through quality, becoming a well-known real estate enterprise with considerable influence in China. Since its establishment, the company has set up Nanchang Branch, Xinjian Branch, Wanli Branch, Qingyunpu Branch, Anyi Branch, and Qingshanhu Branch. It is a company with rich development experience, advanced development concepts, and excellent engineering quality. Since 1999, the company has developed more than 10 residential projects in Nanchang and Xinjian areas, including Hengmao City Garden, Hengmao Century Garden, Hengmao International Huacheng, etc., with a construction area of more than 1.5 million square meters, of which more than 1 million square meters have been completed, with a total investment of RMB 2.5 billion and total sales of more than RMB 5 billion. Its development scale, total sales, and taxes paid to the state all rank first in the same industry in the province. The pass rate of completed projects is 100%, and the excellent project rate is 70%. "Hengmao City Garden," "Hengmao Century Garden," and "Hengmao International Huacheng" all won the "Nanchang Top Ten Residential Projects" award. "Hengmao City Garden" was confirmed by the China Real Estate Association as a successful development model of green residential housing in Jiangxi, China, and "Hengmao International Huacheng" won the comprehensive grand prize in the residential group of the 2002 National Habitat Classic Scheme Competition. At present, the company's new projects "Hengmao Mountain Villa," "Hengmao Lakeside," "Hengmao Sunshine California," and "Hengmao City Light" have started construction, and "Hengmao Peach Blossom Spring" (tentative name) is about to start construction. By 2006, the company had paid various taxes totaling RMB 240.68 million, making it one of the key taxpaying units in Nanchang. As one of the leading enterprises in Nanchang, the company is very enthusiastic about social causes and has cumulatively used RMB 4.7 million for social assistance funds. For many years, the company has been rated as a contract-honoring and trustworthy enterprise by provincial and municipal units, and from 1999 to 2005, it was rated year after year by the Jiangxi Provincial Department of Construction as an advanced unit among real estate development enterprises in the province. In April 2006, it won the "Special Contribution Award for Real Estate in Creating a Garden City" and the "Most Valuable Brand Enterprise in Real Estate in Creating a Garden City." In September 2006, it successively won the honorary titles of "China Real Estate Integrity Enterprise" and "2003-2005 National Top 100 Star Overseas Chinese-Funded Enterprises." In March 2007, the company was awarded the honorary title of "2007 China Top 100 Real Estate Enterprises."