Enterprise strength of Rong 'an Real Estate

In June 2009, the company completed the second major asset restructuring. Xiangrongan Group Co., Ltd. issued 828 million A shares, bought shares in eight real estate companies and three properties it owned, completely quit the communication and related equipment manufacturing industry and entered the real estate business development industry. On June 16, 2009, the company was renamed as "Rongan Real Estate Co., Ltd.".

Rongan Real Estate owns eight subsidiaries including Ningbo Kangyuan Real Estate Development Co., Ltd., Ningbo Rongan Real Estate Development Co., Ltd., Jiangsu Su Rong Resettlement Industry Co., Ltd., Ningbo People's Real Estate Development Co., Ltd., Ningbo Yongyuan Real Estate Co., Ltd., Ningbo Rongan Property Management Co., Ltd., Ningbo Tongcheng Real Estate Co., Ltd. and Ronghe Real Estate Group Co., Ltd., becoming a pure real estate listed company.

After more than ten years' careful cultivation by Rongan Group Co., Ltd., the controlling shareholder of the company, the company now has the national first-class real estate development qualification and accumulated rich professional real estate development and operation experience. At the same time, the company has gathered a large number of outstanding real estate professionals, forming a sound development concept and efficient project operation ability. In the past ten years, the company has successfully developed more than ten high-quality buildings, such as Happy Home, Happy Boutique Garden, Rong 'an Family, Rong 'an Beautiful Land, Elegant City, Shuiluo, Shang Hu Central Garden, Rong 'an Heyuan, Rong 'an Wan Qin and Rong 'an Garden, to enhance the city's taste.

Rong 'an will always adhere to the corporate motto of "be virtuous, be diligent in learning and go quickly", take "let employees share happiness, let customers feel honored, let the city upgrade its taste and make the society full of harmony" as its corporate mission, persist in taking real estate as its main business, base itself on the market, be pragmatic and innovative, create brand advantages of real estate, cultivate core competitiveness of enterprises, promote long-term profitability and sustainable development of enterprises, and better repay society and shareholders.