We have a certain scale of investment real estate in Shanghai, Zhejiang, Jiangsu, Tianjin, etc., including high-quality shops, high-end dwelling houses, office buildings, industrial factory buildings, and so on.

In the past decade, along with the booming of Chinese macro economy and urbanization process, real estate projects invested by us maintained stable and significant increase in value. In addition, we ensured good occupancy rate and generated stable and rapid-growing cash flows thanks to the scientific operation and integration. As a result, we gradually realized the transformation from an enterprise with growth represented by speed and scale into an enterprise with growth represented by gross and benefit.