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What is the relationship between Shenzhen Poly Property and Poly Group?

A wholly-owned subsidiary.

Shenzhen Poly Real Estate Co., Ltd. is a wholly-owned subsidiary of Poly Group, and owns 0/00% equity of Shenzhen Poly Group/KLOC.

Shenzhen Poly Property Co., Ltd. is a property management company established with the approval of Shenzhen Municipal Government. It is mainly responsible for property management, property development, property investment and property services, and provides property management services for Shenzhen Poly Group.