The relationship between Tangshan Fuxing Real Estate and Tianliang Real Estate

The relationship between Tangshan Fuxing Real Estate and Tianjiangxiang Real Estate can be divided into two aspects: one is the entity relationship, and the other is the operating relationship. In terms of entity relationships, Tangshan Fuxing Real Estate is an independent subsidiary of Tianjiangxiang Real Estate. It was invested and established by Tianjiangxiang Real Estate and has independent legal personality. In terms of operating relationships, Tangshan Fuxing Real Estate is under the investment management of Tianjiangxiang Real Estate, which is responsible for capital management, market development, etc., and regularly reports business progress to Tianjiangxiang Real Estate.