Zhenjiang State-owned Investment Holding Group (‘The Group’) was established in June 2014 on the basis of the former Zhenjiang State-owned Asset Investment and Operation Company by integrating the assets (equity) of state-owned enterprises affiliated to the city and related departments, with registered capital of 1 billion CNY. As of the end of 2021, the Group´s total assets were 55.5 billion CNY, net assets were 25.2 billion CNY. In 2021, its annual operating income was around 11 billion CNY, the total profit was around 350 million CNY and the project investment amount was around 930 million CNY. The Group has formed four major types of business including financial investment, real industry, asset management and trade and it has 16 wholly owned subsidiaries and 30 associate companies.

Jiangsu Hanrui Investment Holding Company Limited (‘Hanrui’), whose predecessor was Zhenjiang New Area Economic Development Corporation established in 1993 with mainly responsibility of conducting the development and construction of the new area´s infrastructure, is a wholly-owned state-owned company funded by Zhenjiang Municipal People´s Government. In July 2009, along with the tide of innovation and development in Zhenjiang New District, Hanrui began its physical operation, shouldering the important tasks of urban construction, industrial development, as well as social and people´s livelihood within 218 square kilos. In June 2017, “Jiangsu Hanrui Group” was formally established with a registered capital of 5.5 billion CNY. Jiangsu Hanrui Group has an entity rating of AA+, and total assets of more than 150 billion CNY. In 2020, the Group achieved an operating income of 9.1 billion CNY.