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Brief introduction of Hangzhou New World Group

Zhejiang New World Real Estate Group Co., Ltd., established on 200 1, is the vice-president unit of Hangzhou Xiaoshan Real Estate Chamber of Commerce, a national second-class qualified professional real estate development enterprise, an AAA-level enterprise with tax credit in Hangzhou, and the controlling shareholder of Jiufa (stock code: 600 180), a listed company. The Group wholly owns more than 20 subsidiaries including Zhejiang Zunyu Real Estate Co., Ltd., Zhejiang Ding Sheng Real Estate Development Co., Ltd., Hangzhou Westin Real Estate Co., Ltd., Hangzhou Regent Real Estate Co., Ltd., Hangzhou Baili Real Estate Co., Ltd., Hangzhou Yinghai Real Estate Co., Ltd., Hangzhou Boli Hotel Management Co., Ltd., Hangzhou Westin Property Management Co., Ltd., Hangzhou Portofino Industrial Investment Co., Ltd. and Zhejiang Hermes Hotel Management Co., Ltd. ..