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Relationship between Guangxi Tietou Daling Investment Co., Ltd. and Poly

Affiliation. Guangxi Tietou Daling Investment Co., Ltd. is a subsidiary of Guangxi Railway Investment (Group) Co., Ltd., 20 16, and 90% of its equity was transferred to Guangxi Poly Real Estate Group Co., Ltd., which is related. Guangxi Poly Real Estate Group Co., Ltd. newly added the target enterprise of equity pledge as Guangxi Tietou Daling Investment Co., Ltd., and the pledgee is Nanning Branch of China Everbright Bank Co., Ltd.