Brief introduction of Wantong Group

Wantong Real Estate has become a leading brand of well-known high-end properties and services in China. It has won many honorary titles such as "China Famous Enterprise", "China Top Ten Real Estate Brands", "China Real Estate Blue Chip Enterprise" and "China Top Ten Most Valuable Real Estate Company Brands". It is the co-founder and rotating chairman unit of "China City Real Estate Business Strategic Alliance" and the rotating chairman unit of the Real Estate Chamber of Commerce of the All-China Federation of Industry and Commerce. At the same time, the company inherited the professional real estate operation experience and professional senior management team accumulated by Wantong Real Estate for more than ten years.

Vantone Real Estate's business is concentrated in Beijing and Tianjin. Existing development projects include Beijing Longshan New Home, Beijing Asian Games New Home, Beijing New Town International, Beijing Tianzhu New Home, Tianjin Wantong Upstream International, Tianjin Wantong New Town International, Tianjin Wantong Huafu, Tianjin Wantong Airport Project and other high-end projects. Most products have become regional landmarks and celebrity property. By the end of 2007 1 quarter, Vantone Real Estate * * * had high-quality real estate projects in Tianjin and Beijing, with a construction area of 1.736 million square meters. It is estimated that in the next four years, Beijing and Tianjin will increase the residential land reserve with an annual construction area of more than10.5 million square meters.

As an innovator and pioneer in the real estate industry, Vantone Real Estate initiated the transformation from "Hong Kong model" to "American model". Wantong Real Estate has a unique business model. The company will adjust the existing business model, optimize the allocation of business resources, and become a real estate company with three business systems: residential development, commercial property and customized services, with equal emphasis on development and operation. Wantong Real Estate strives to make the three parts of income reach a reasonable proportion, so that the company has a stable profit source and good anti-cyclical ability. Development orientation and regional concentration are the strategic choices of Vantone Real Estate in the residential field. The company will make full use of the location advantages of Binhai New Area, effectively gather resources from all parties, increase investment in Beijing and Tianjin, and strive to make the company have a leading competitive advantage in the region within two years. The company will adhere to the American model, take business-driven development and diversified financial arrangements as the basic purpose of implementing commercial real estate investment, and create a unique commercial real estate investment model. Customized service has always been a business independently developed by Vantone Real Estate, which is unique, most competitive and leading in the country. Wantong real estate customization service business aims to provide professional personalized customization services for top customers at home and abroad. Taking "Building a Dream Plan" as the main line, the first phase of customized service project of Beijing quadrangle was launched, and good results were achieved.

Wantong Real Estate has charismatic business leaders and a long-term, stable, experienced and dedicated team of professional managers. They adhere to the corporate values of "taking the world as their own responsibility, taking enterprises as the standard, creating wealth and improving themselves" and tirelessly serve the development and growth of Wantong. The company will adhere to the values of "foresight, innovation, cooperation and teamwork", take creating the most valuable living space as its own responsibility, and build the company into a first-class and respected professional real estate company in line with international management norms. With the steady development of the company, Vantone Real Estate has formed a perfect corporate governance structure and a sound, reasonable and effective major business decision-making procedure and internal risk control system. The company will further improve its surprisingly upright corporate culture, strive to build a professional, dedicated and established team of professional managers, and create a sustained, long-term and stable return on investment for shareholders. Wantong Real Estate, in the spirit of being responsible to society and industry, began to participate in the creation of "China City Real Estate Business Strategic Alliance" from 1999, and initiated and promoted the "New House Movement". During his tenure as the rotating chairman of Midtown Alliance, he devoted himself to improving the moral image of the real estate industry and promoting the transformation of the traditional business model of real estate development by planning and promoting a series of activities such as shooting a large-scale feature film "Life changes China". In June, 2004, Vantone Real Estate participated in the launching of Alashan SEE Ecological Association, the first NGO environmental protection organization composed of well-known enterprises in China, and invested funds for desertification control in Alashan League every year to actively undertake corporate social responsibility. In February 2005, President Feng Lun was elected as the rotating chairman of the Real Estate Chamber of Commerce of the All-China Federation of Industry and Commerce, and devoted himself to promoting the integrity, self-discipline and rights protection of the industry. Wantong Real Estate's series of public welfare behaviors have also been highly recognized by the industry and society. At the end of 2006, Vantone Real Estate was awarded the "Best Corporate Citizen Image of the Year" by the Real Estate Chamber of Commerce of the All-China Federation of Industry and Commerce, and was awarded the honorary certificate of "2006 Excellent Corporate Citizen of China Real Estate" by the Corporate Citizen Committee of China Social Workers Association.