Company Profile COMPANY INTRODUCTION

Powerlong Group was established by Mr. Xu JianKang, a famous patriotic entrepreneur of Macau. With the corporate mission of ‘Create space full of love’, Powerlong Group has kept expanding its business in different sectors, including real estate, commerce, Hotel,Culture, and committed to becoming a respected global leader in urban commercial development and operation for centuries to come. Up to now, the total capital of the group more than RMB 200 billion, with over 200 subsidiaries at home and abroad and a total workforce of nearly 10,000 staffs, and charitable donations of over RMB 1.4 billion.

Powerlong Real Estate Holdings Ltd (HK. 1238) has specialized in the development and operation of comprehensive commercial realty projects since 2003 and has been successfully listed on Hong Kong Stock Exchange in 2009. Over the past several years, it has been awarded with many authoritative honors, including China Top 100 Real Estate Developers and Top 10 Brands of China Commercial Real Estate. Real Estate has developed More than 300 high-quality realty projects, covering Yangzi River Delta, Guangdong-Hong Kong-Macao Greater Bay Area, Bohai Economic Rim, Western Taiwan Straits Economic Zone, Hainan International Tourism Island and mid-western region. Powerlong has built a multi-dimensional business to meet increasing domestic demands for compound real estate. Its business includes three series of commercial realty projects, residential projects from middle and high end commercial residential buildings to houses, and high-standard, well-equipped office, hotel and apartment projects.

Powerlong Commercial(HK.9909)began to provide commercial operation service for developers, tenants and owners of retail commercial properties in 2007 and has successfully listed on HongKong Stock Exchange in 2019. As one of the few Chinese commercial operation service providers with expertise and capabilities in managing diversified retail commercial property portfolios, it has four series of commercial realty projects: Powerlong One Mall, Powerlong City,Powerlong Plaza and Powerlong Land. Up to now,Powerlong Commercial together with its subsidiaries, has laid out more than 140 projects with a total of more than 100 projects opened (including more than 30 third-party projects) and more than 15 million sqm of contracted commercial space under its management. It also provides property management service for residential properties, office buildings and serviced apartments with over 30 million sqm of contracted residential property under its management.

Powerlong Hotel driven by “art + hotel”, after 23 years of development, Powerlong Hotel has formed an asset management group covering three business segments: hotel operation, commercial asset operation and long-rent apartment. Among them, the hotel operation section not only has regular strategic cooperation with many international well-known brands, but also has established the self-created art hotel brands such as Juntels, Artels+collection, and Artels+.Commercial Assets section, in Shanghai, Hangzhou, Xiamen and other places, the operation of Powerlong International Center, Powerlong Center and other high-end commercial office buildings;Long-term rental apartment section, to create a boutique complex art life community, to provide high-quality, diverse living space for the urban elite. Up to now, Powerlong Hotel Group has operated and managed more than 40 integrated property projects, including 22 hotels, 5 apartments and 13 commercial assets. The total area under operation management exceeds 800,000 sqm.