Introduction to Hangzhou New World Group

Zhejiang New World Real Estate Group Co., Ltd., founded in 2001, is the vice-president unit of Hangzhou Xiaoshan Real Estate Chamber of Commerce, a national second-level professional real estate development enterprise, a Hangzhou enterprise tax credit AAA enterprise, and a listed company. The controlling shareholder of Fa Shares (stock code: 600180). The group wholly owns Zhejiang Zunyu Real Estate Co., Ltd., Zhejiang Dingsheng Real Estate Development Co., Ltd., Hangzhou Westin Real Estate Co., Ltd., Hangzhou Lijing Real Estate Co., Ltd., Hangzhou Baili Real Estate Co., Ltd., Hangzhou Yinghai Real Estate Co., Ltd., Hangzhou Platinum Real Estate Co., Ltd. There are more than 20 subsidiaries including Lida Hotel Management Co., Ltd., Hangzhou Westin Property Management Co., Ltd., Hangzhou Portofino Industrial Investment Co., Ltd., and Zhejiang Hermès Hotel Management Co., Ltd.