Brief introduction of Zhuangsheng Group

Up to now, Zhuangsheng Group has 38 wholly-owned, holding and shareholding enterprises, with Chinese mainland as the core, covering the United States, Japan, Europe, South America, Southeast Asia, Hong Kong and Macao and other countries and regions; The Group's well-known enterprises or assets in Beijing include: Beijing Zhuangsheng Plaza, Beijing Zhuangsheng sogo, Beijing Longbo Plaza, Zijin Palace Hotel, Xiaoxiang Club and the Regent Beijing Zhuangsheng Hotel which will be completed soon. Since entering Beijing in 1992, the Group has developed real estate projects with a total construction area of over 45, square meters, projects under construction of over 7, square meters, and land reserves of over 2 million square meters. The group's total assets in Beijing exceed 5 billion yuan, and its net assets are 3 billion yuan. The main enterprises of Zhuangsheng Group in the real estate industry are: Beijing Zhuangsheng Real Estate Development Co., Ltd., Beijing International Finance Center Co., Ltd., Beijing Zhuangsheng Property Management Co., Ltd. and Shanghai Zhuangcheng Real Estate Co., Ltd. The main development projects include: Beijing "Zhuangshengcheng" project, Beijing "International Financial Center" project and Shanghai "Songjiang New Town Transportation Hub Project", with a total construction area of nearly 4 million square meters.

residential development

after 195s, all the land and houses in Chinese mainland were owned by the government, and individuals had no right to own the property rights of the houses. Since the 199s, the China government has changed its previous policy, encouraged private buyers to buy real estate, and gradually abolished the practice of building and buying houses at the government's expense. The huge demand for housing purchase has created the rapid growth momentum of housing development and sales in Chinese mainland since 199s.

With the increasing population in China, a large number of young people have entered the school-age stage, and the demand for housing purchase will continue. However, the acceleration of the renewal of the design concept of the construction industry and the use of various emerging building materials will promote the continuous improvement of the level of residential design and construction and objectively accelerate the upgrading of the residential industry. The desire of the middle class with strong spending power for a higher living environment will prompt them to continue to buy higher-grade residential products. These three factors will continue to maintain a high-speed growth momentum in residential development.

Zhuangsheng Group will make use of the experience gained in the "Zhuangsheng City Phase II" and continue to develop high-end residential buildings for higher-income customers in Chinese mainland central cities such as Beijing and Shanghai. Through large-scale development, Zhuangsheng Group is creating a living environment with perfect facilities, beautiful gardens and excellent services for customers.

In view of the fact that the housing needs of the wealthy class in Chinese mainland have not been well met at present, Zhuangsheng Group will customize its residential products for this class of customers in suitable locations. And will actively cooperate with overseas real estate developers and builders to explore the top luxury model suitable for China customers.

commercial property development Chinese mainland's residential products are mostly disposable products, and the developers leave the pressure of appreciation or depreciation to the owners after earning direct product profits. Commercial property belongs to long-term investment products, and because most of them are located in the downtown area, commercial property is the calculation standard to determine a developer's asset scale and wealth after the urban real estate market enters maturity and squeezes out the growing market bubble. Whoever owns more high-quality land resources and own commercial properties will dominate the market.

Beijing and Shanghai are not only the cities with the most investment value in China at present, but also the cities with the most investment value in the world in the future. In such cities, it is another development idea of Zhuangsheng Group in the field of real estate development to develop the land in the downtown area or the planned future central area, build high-grade commercial property buildings and operate for a long time.

in the process of developing the "Zhuangshengcheng" project in Beijing, Zhuangsheng Group fully realized the promotion of commercial property to the residential industry. "Zhuangsheng Plaza", objectively as a super-large supporting of "Zhuangsheng Phase II Residential Area", has played a very important role in the promotion of residential products. In this way, Zhuangsheng Group has developed a development model of "interaction between real estate and business" and will continue to implement it in the future development of commercial property projects. The key to the success or failure of large-scale commercial and commercial facilities projects is often not construction, but operation. The achievements made by Zhuangsheng Group in the retail industry also provide a basic guarantee for the Group to continue to develop large-scale businesses and commercial facilities. On the platform of self-owned commercial property, the retail business of Zhuangsheng Group will get the most ideal development conditions. Zhuangsheng Group entered the retail industry in 1998. After several years of development, it has become a leading enterprise in the retail industry in Beijing, and through business innovation, it has set a new industry standard for the competition of department stores in Beijing to a certain extent.

the main enterprises of the group in the retail field are: Hong Kong listed company Zhuangsheng Department Store Group (758), Beijing Zhuangsheng sogo Shopping Mall, Wuhan Zhuangsheng sogo Shopping Mall, Wuhan Plaza, etc.

in p>27, the retail business of Zhuangsheng Group * * * achieved sales revenue of 4.5 billion yuan.

in July 1995, Zhuangsheng group signed an agreement with Japan's SOGO department store group on brand use and export management. It is agreed to establish a joint brand of "Zhuangsheng SOGO", and Sogo Department Store Group will assist in the preparation of Beijing Zhuangsheng sogo Shopping Mall.

three years after its opening, Beijing Zhuangsheng sogo Shopping Mall has become the most successful large department store in Beijing. In daily operation, Zhuangsheng Group and Beijing Zhuangsheng sogo Shopping Mall are committed to business innovation. Created the "Zhuangsheng Chongguang BOC Credit Consumption Card", which broke through the bottleneck of microfinance consumption in Chinese mainland; Draw lessons from the mode of out-of-store operation in Japan, and develop the operation mode of out-of-store sales in department stores; Boldly innovate the marketing model.

In p>2, Wuhan Zhuangsheng sogo Shopping Mall opened.

in September, 23, Zhuangsheng Group formally acquired Dexin Holdings (758), a listed company in Hong Kong. On December 3th, 23, "Dexin Holdings" was officially renamed as "Zhuangsheng Department Store Group". Through this acquisition, Zhuangsheng Group holds 49% of the shares of "Wuhan Plaza" with the highest single store profit in China. Hunan Xiangzhong Mining (Group) Co., Ltd. is the flagship enterprise of Zhuangsheng Group in industrial and mining development, with a registered capital of 2 million yuan.

In p>25, Hunan Xiangzhong Mining Group successively acquired Hunan Loudi Engineering Company, Loudi Dajian Mining Co., Ltd. and other state-owned enterprises, helping local governments to resettle nearly 3, employees of state-owned enterprises.

In p>26, Hunan Xiangzhong Mining Group and Hunan Lianyuan Iron and Steel Group Co., Ltd. jointly established a new material company with the goal of recycling blast furnace slag.