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Organizational structure of Rongxin Group

Rongxin Group consists of three regional companies: Fuzhou Regional Company, Minnan Regional Company and East China Regional Company, as well as wholly-owned and joint venture subsidiaries such as Fuzhou Jiekai Xiu Real Estate Development Co., Ltd., Hardcover and Hotel Construction Company, Rongxin Fujian Real Estate Co., Ltd. and Hemei Hotel Investment Co., Ltd.