About CHINANEWTOWN Company

China New Town Development Limited (HKEx stock code: 1278) (the “Company” or “CNTD”) was listed on the main board of the Hong Kong Stock Exchange Limited on October 22, 2010. In March 2014, Guokai International Holdings Limited (“CDF”), a wholly-owned subsidiary of Guokai Finance Co., Ltd. (“CDF”), completed the subscription for 5,347,921,071 issued shares of CNTD and became CNTD's controlling shareholder. CDB Finance is a wholly-owned subsidiary of China Development Bank Co., Ltd. (“CDB”). It inherits CDB's resources and brand advantages, and has a nationwide network layout in the new town development business segment. On June 11, 2021, Guokai International signed a share transfer agreement with Wuxi Transportation Industry Group Co., Ltd. (“Wuxi Transportation Group”) and its wholly-owned subsidiary Xitong International (Hong Kong) Holdings Limited (“Xitong International”) regarding approximately 29.99% of the Company's shares. CDIC agreed to transfer 29.99% of its shares (“Share Transfer”) to Xitong International. On September 28, 2021, the settlement of this share transfer was completed. Xitong International holds about 29.99% of the Company's shares, and CDIC Holdings holds about 24.99% of the Company's shares. At this point, the company has a complex shareholder structure of “local state-owned assets plus central enterprises and financial institutions”, combining the industrial advantages and financial advantages of the two major shareholders. Since 2014, in line with the development trend of China's new urbanization and the company's resource advantages, the company has gradually clarified development ideas and business strategies. On the basis of continuing to follow national policy guidelines, the company has introduced branded products in the field of improving people's livelihood, including tourism, health, medical care, etc., to enhance residents' quality of life and experience. With the support of shareholders Xitong International and Guokai International Holdings, combined with the resources and advantages of major shareholders, the company gradually clarified new business development strategies, initiated business transformation plans, actively expanded relevant investments in integrated circuits, high-end manufacturing, new energy, new materials, artificial intelligence and other industries that meet the prospects of the new economic development, and cultivate new business tracks and main business directions. Currently, in the fixed income project sector, our projects are distributed in regions with good economic development throughout the country, which can provide the company with stable income and cash flow. At the same time, the Wuhan Optics Valley New Development International Center property project owned by the company can provide stable income from rent and management fees. In the new business development sector, after several years of market research, communication with partner institutions, and project inspections, the main business transformation direction was explored through minority equity investment, and successfully completed the investment and implementation of some minority equity projects in the semiconductor, new materials, artificial intelligence and other industries, and accumulated industry and project experience. At the same time, it cooperated with the Wuxi Communications Group at the end of 23 to initiate the establishment of a limited partnership fund. The fund will prioritize investment in emerging industries such as the Internet of Things and integrated circuits, which is conducive to opening up more opportunities for business transformation. In the context of the national policy to support the development of new urbanization and new productivity industries, we are confident that we will fully rely on the resource advantages of shareholders and the rich experience of the project team to achieve a steady increase in the company's asset scale and operating performance, and gradually focus on the transformation direction of the new economic circuit. We are an urbanization investment and operation platform with a shareholder background of “local state-owned assets and central enterprise financial institutions”. The company is committed to becoming the leading comprehensive operating platform for urbanization investment in China, focusing on creating urbanization livelihood investment products that meet the needs of regional economic development and people's livelihood interests, and enhance the level of urbanization in the region and the happy life experience of residents. The company relies on high-quality shareholder resources to achieve complementary advantages and collaborative development, actively explore the direction of strategic business transformation in the new economy, and continuously create value for shareholders, society and the community. Our mission is to create urbanization and livelihood investment products that meet the needs of regional economic development and the demands of residents, and enhance the level of urbanization in the region and the happiness of residents in their lives.