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Is Gaoyao Differentiation Yang Real Estate Co., Ltd. a subsidiary of Country Garden?

No. Biyang Real Estate Co., Ltd. is a real estate development service provider, mainly engaged in its own property leasing, real estate development and other related businesses, and is committed to providing related services to users. Country Garden Group, namely Country Garden Holdings Co., Ltd., headquartered in Shunde, Foshan, Guangdong Province, is the largest new urbanization housing developer in China. Zhaoqing Gaoyao Biyang Real Estate Co., Ltd. is controlled by Country Garden, not a subsidiary.