1. Shenyang Dadong Urban Renewal Co., Ltd. is a wholly-owned subsidiary of Shenyang Urban Construction Investment Group Co., Ltd. (hereinafter referred to as Shenyang Urban Investment Group).
2. Shenyang City Investment Group is the main body of urban construction investment operation authorized by Shenyang Municipal Government, which is mainly responsible for urban construction investment and financing, infrastructure construction, urban renewal and state-owned capital operation in Shenyang.
3. Shenyang Dadong Urban Renewal Co., Ltd. is a subsidiary of Shenyang Chengtou Group in Dadong District, which is mainly responsible for the urban renewal business in Dadong District.