Is Bund Property Management Co., Ltd. a joint venture?

According to the inquiry, Bund Property Management Co., Ltd. is not a subsidiary of Hechuang Jin Jia, but a property management company under Greenland Group, mainly engaged in providing property management services for residential properties, mid-market office buildings and government properties. Hechuang Jin Jia is another high-end property service enterprise under Greenland Group. It is positioned as a Shanghai-style space art service operator, providing customers with high-quality and high-quality property asset service and management. Its business scope covers residential, commercial, office buildings, characteristic towns, industrial new towns, government public buildings and other fields. Therefore, Bund Property Management Co., Ltd. and ChuangJin Jia are both subsidiaries of Greenland Group, but there is no direct subordinate relationship between them, but they belong to different property service brands of the same group.