The Relationship between China Sports Group and China Sports Group

China Sports Group and China Sports Group are related.

1. Huati Group is a state-owned enterprise. It is a sports industry enterprise group controlled by the Chinese Olympic Committee. Founded in 1993, it was developed from Beijing Huati Industrial Corporation with a registered capital of1.800 million yuan. Huati Group has the first-class qualification of stadium construction process design, engineering consulting, building intelligent system integration, sports facilities engineering contracting and engineering supervision. It is a specialized enterprise group featuring the construction of sports facilities, focusing on consultation, construction and operation, covering the integration of sports industry development, investment management, sports service certification and property management. After more than ten years' efforts, we have integrated effective resources to serve the Olympic Games, Asian Games and related sports facilities. At present, it has developed into a sports industry group with several specialized operating institutions.

2. China Sports Industry Co., Ltd. was established in March, 1998. It is the largest joint-stock enterprise in China's sports industry initiated by the Sports Fund Management Center, Sports Lottery Management Center, Sports Equipment Center, All-China Sports Foundation and Shenyang Real Estate Company of the State General Administration of Sports, and it is also the only listed company in which the State General Administration of Sports shares. At the end of 2003, the company was reorganized into China Sports Industry Group Co., Ltd.