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 sogou, Beijing Longbo Plaza, Zijin Palace Hotel, Xiaoxiang Club and Regent Beijing Zhuangsheng Hotel, which will be completed soon. Since 1992, the total construction area of real estate projects developed by the Group has exceeded 450,000 square meters, the projects under construction have exceeded 700,000 square meters, and the land reserve has exceeded 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 are: Beijing Zhuangsheng City Project, Beijing International Finance Center Project and Shanghai Songjiang New Town Transportation Hub Project, with a total construction area of nearly 4 million square meters.

Residential development

/kloc-after 0/950, all the land and houses in Chinese mainland are owned by the government, and individuals have no right to own property rights. Since11990s, 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 has contributed to the rapid growth of housing development and sales in Chinese mainland since the 1990s.

With the increasing population in China, a large number of young people have entered the school-age stage, and the demand for housing will continue. However, the acceleration of the renewal of architectural design concept and the use of various new building materials will promote the continuous improvement of residential design and construction level and objectively accelerate the upgrading of residential industry. The middle class with strong consumption ability is eager for a higher living environment, which will prompt them to continue to buy more high-end residential products. These three factors will continue to maintain the rapid growth momentum of residential development.

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

In view of the fact that the housing needs of the affluent class in Chinese mainland have not been well met at present, Zhuangsheng Group will customize 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.

Most residential products in Chinese mainland are disposable consumer goods. 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 city center, commercial property is the calculation standard to determine the asset scale and wealth of a developer after the urban real estate market enters maturity and squeezes out the expanding market bubble. Whoever owns more high-quality land resources and commercial property will dominate the market.

Beijing and Shanghai are not only the most valuable cities in China at present, but also the most valuable cities 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 city center or plan the future central area, build high-grade commercial properties and operate for a long time.

In the process of developing the "Zhuangsheng City" project in Beijing, Zhuangsheng Group has 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 formed a development model of "interaction between real estate and business" and will continue to implement it in the future development of commercial real estate projects. The key to the success of large-scale commercial and commercial facilities projects is often not construction, but operation. The achievements made by Zhuangsheng Group in the retail industry have also provided a basic guarantee for the Group to continue to develop large-scale commercial and commercial facilities. On the platform of self-owned commercial property, the retail business of Zhuangsheng Group will obtain the most ideal development conditions. Zhuangsheng Group entered the retail industry from 1998. After several years of development, it has become a leading retail enterprise in Beijing, and through business innovation, it has set a new industry standard for the competition of department stores in Beijing to some extent.

The main enterprises of the Group in the retail field are: Hong Kong listed company, Zhuangsheng Department Store Group (0758), Beijing Zhuangsheng sogou Shopping Mall, Wuhan Zhuangsheng sogou Shopping Mall, Wuhan Plaza, etc.

In 2007, the retail business of Zhuangsheng Group achieved a sales income of 4.5 billion yuan.

1In July, 1995, Zhuangsheng Group signed an agreement with sogou Department Store Group on brand use and export management. We agreed to establish a joint brand of "Zhuangsheng sogou", and sogou Department Store Group assisted in the preparation of Beijing Zhuangsheng sogou Shopping Mall.

Three years after its opening, Beijing Zhuangsheng sogou Shopping Mall has become the most successful large department store in Beijing. In daily operation, both Zhuangsheng Group and Beijing Zhuangsheng sogou Shopping Mall are committed to business innovation. Created the "Zhuangsheng Chongguang Bank of China 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 mode of out-of-store sales in department stores; Boldly innovate the marketing model.

In 2000, Wuhan Zhuangsheng sogou Shopping Mall opened.

In September 2003, Zhuangsheng Group formally acquired the Hong Kong listed company "Dexin Holdings" (0758). On June 30th, 2003, 65438+February 30th, "Dexin Holdings" was officially renamed as "Zhuangsheng Department Store Group". Through this acquisition, Zhuangsheng Group holds 49% of the shares of Wuhan Plaza, which has 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 200 million yuan.

In 2005, 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 3,000 employees of state-owned enterprises.

In 2006, 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.