Relationship between Jingtong Group and Rongtong Group

Jingtong Group and Rongtong Group are not directly related. Jingtong Group refers to the state-owned enterprise under the Beijing Municipal Transportation Commission, which is mainly responsible for the traffic construction and operation in Beijing. Rongtong Group refers to China Rongtong Group Company, which is a central enterprise, mainly engaged in real estate development, property management, investment and other fields. Therefore, Jingtong Group and Rongtong Group have no direct relationship.