Why did Zhongsheng Group acquire Fu China?

Zhongsheng Group acquired Fu China for the following reasons:

1. Consolidate the strategy of "brand+region", which is in line with the development strategy of Zhongsheng Group to deeply cultivate advantageous regions and high-quality brands.

2. Expand the synergy and development potential of the existing brands of the Group, and further enhance the core competitiveness and market influence.

3. Further improve cash flow.

4. Benefiting from the stable operating environment of China's own properties.