Maoyuan Real Estate has implemented collectivization development rigorously and scientifically with real estate development as the Company’s main business. Besides, the Company has managed the upstream-downstream industries around real estate development and has established a number of subordinate companies and formed a three-dimensional industrial layout with the unified development of several subordinate companies.

[Real estate development]: Beijing Maoyuan Property Co., Ltd., Beijing Maoyuan Housing Development Co., Ltd., Beijing Maoyuan Hongye Real Estate Development Co., Ltd. Beijing MaoYuan Xinhong Real Estate Development Co., Ltd., Beijing MaoYuan Hongzhan Real Estate Development Co., Ltd., and Beijing Junhua Real Estate Development Co., Ltd.;

[Business investment]: Beijing Maoyuan Yongtai Business Investment Co., Ltd.;

[Building decoration engineering construction]: Beijing Orient Damei Building Decoration Engineering Co., Ltd.;

[Medical services]: Beijing Third Ring Yinghe Hospital;

[Property Management]: Beijing Xincheng Kangjing Property Management Co., Ltd. and Beijing Maoyuan Hongxi Property Management Co., Ltd.

The three-dimensional industrial layout with the unified development of several subordinate companies promotes the formation of Maoyuan’s optimal development pattern with resource maximization, balanced ratio and economies of scale. In this pattern, several subsidiaries implement unified operational planning and integrate resources to lay a solid foundation for promoting urban operation and regional prosperity.