Relationship between Taizhou City Investment Company and Xintai Group

Both belong to the nature of state-owned capital investment management.

According to Aiqi's inquiry, the business scope of Taizhou Urban Construction Investment Group Co., Ltd. is: state-owned capital investment management and state-owned asset management; State-owned shares holding and capital operation; The reorganization of state-owned assets and their creditor's rights and debts; Asset (equity) acquisition (M&A), asset leasing and house leasing. (Projects subject to approval according to law can only be operated after approval by relevant departments).

Taizhou Xintai Group Co., Ltd., business scope: state-owned assets within the authorized scope of operation and management; Investment, lease and acquisition of state-owned assets; The reorganization of state-owned assets and their creditor's rights and debts; Asset (equity) collection (merger) purchase; Real estate investment; Domestic and foreign investment promotion; Bidding for investment projects; Economic information consultation; Intermediary agency service; Collective assets within the scope of business management authorization; Storage of general goods; Construction project management services; Property management; Parking lot management. (Projects subject to approval according to law can only be operated after approval by relevant departments).

To sum up, both companies are state-owned assets companies invested and operated by Taizhou Municipal Government, and they are the same fund management department.