Relationship between Guohua Real Estate and Shenhua Group

According to the inquiry, the parent company of Guohua Real Estate is Guohua Electric Power. The parent company of Guohua Electric Power is Shenhua Group, so Shenhua is the parent company of Guohua Real Estate. Shenhua Group Guohua Electric Power Company relies on Shenhua Group's resource advantages of coal, electricity, road, port and aviation integration, and follows the principle and strategy of combining points, lines and areas. Beijing Guohua Electric Power Co., Ltd. was established as a wholly-owned subsidiary of Shenhua Group, responsible for the operation and management of most assets of the Group's power industry. Beijing Guohua Real Estate Co., Ltd. is an enterprise operating according to law through industrial and commercial registration. Located in Xidawang Road, Chaoyang District, Beijing, it was established in 2002.