Sansheng Holdings (Group) Co. Ltd. (hereinafter referred to as the“Company” or “Sansheng Holdings”,together with its subsidiaries, collectively referred to as the “Group”) is principally engaged in property development and sale, and property investment. Mr. Lin Rongbin, the de facto controller of Sansheng Group Company Limited and its subsidiaries* (collectively, “Sansheng Group”), successfully acquired the equity interests in the Company in April 2017. Following the completion of the acquisition, the Group continued to explore potential business opportunities and seek sustainable development, and adopted “Sansheng Holdings (Group) Co. Ltd.” as its company name.

Since 2018, the Group has unceasingly expanded its project coverage with a focus on the Western Straits Economic Zone, the Yangtze River Delta Economic Zone and the Bohai Economic Rim, and has successively acquired land plots in Fuzhou, Zhangzhou and Ningde in Fujian; Nantong and Wuxi in Jiangsu; Wenzhou in Zhejiang; Jinan in Shandong and other regions. In the future, the Group will be committed to providing customers with high-quality residential products and living services in a pleasant living environment.

While it is the Group’s intention to enhance its income from existing investment properties, it also intends to actively seek new opportunities in property development and carry out more mergers and acquisitions,especially in the residential property development market in the Mainland China. In the future, the Group will adhere to its development strategy of “high caliber team”, “superior product” and “precise investment” to actively identify land in prime locations and suitable for property development and investment in order to increase its land reserve and promote further development of the Group.