Company Profile COMPANY INTRODUCTION

Powerlong Group was established by Mr. Xu JianKang, a standing committee member of CPPCC and 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 and culture & arts,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 nearly 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 200 high-quality realty projects in over 50 cities, 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 and hotel projects.

In 2007, Powerlong Commercial(HK.9909)began to provide commercial operation service for developers, tenants and owners of retail commercial properties and went public with its shares listed on the Main Board of Hong Kong 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 130 projects with a total of more than 70 projects opened (including nearly 30 third-party projects) and 13 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 23 million sqm of contracted residential property under its management.

After 20 years of development,now Powerlong Hotel cooperates with many international famous hotel groups. At the same time, the brand-name hotel chain launched the art hotel model. The hotel product line featuring an art-themed hotel: positioned as a upper upscale Juntels, upscale full service hotel Artels+ Collection and upper mid-scale with select service Artels+ brand. Powerlong Hotel has always been endeavoring to expand its business operation and has established four major business lines, namely hotel operation and management, hotel positioning, design and construction, long-term apartment leasing business and office building leasing and asset management, with a total management and operation area of over 760,000 sqm.

Today, Powerlong already has such cultural and artistic organs as Powerlong Art Museum, Shucanglou, Powerlong Painting Academy, Powerlong Art Center and XU Gallery. A multidimensional cultural industry chain has been developed, ranging from public cultural undertakings, collection and art creation, to art management.