Group 1 - The establishment of Zhongmian (Hohhot) Airport Commercial Management Co., Ltd. has been recently reported, with a registered capital of 20 million RMB [1] - The legal representative of the new company is Qi Shi, indicating a structured leadership [1] - The business scope includes commercial complex management services, air transportation cargo packing services, and sales agency, suggesting a diversified operational focus [1] Group 2 - The company is jointly held by Zhongmian (Beijing) Trading Co., Ltd. and Inner Mongolia Airport Commercial Management Co., Ltd., indicating a collaborative investment approach [1]

Group 1 - A new company, China Duty Free (Hohhot) Airport Commercial Management Co., Ltd., has been established with a registered capital of 20 million RMB [1] - The legal representative of the new company is Qi Shi [1] - The business scope includes comprehensive commercial management services, air cargo packing services, and sales agency [1] Group 2 - The company is jointly owned by China Duty Free (Beijing) Trading Co., Ltd. and Inner Mongolia Airport Commercial Management Co., Ltd. [1]

Core Viewpoint - Nanjing Lianjia Yunzhu Commercial Management Co., Ltd. has been established with a registered capital of 3 million RMB, fully owned by Shanghai Lianjia Yunzhu Commercial Management Co., Ltd. [1] Company Summary - The legal representative of Nanjing Lianjia Yunzhu Commercial Management Co., Ltd. is Huang Shubao [1] - The company is classified as a limited liability company with natural person investment or control [1] - The registered address is Room 1107, 11th Floor, Tian Sheng Center B, No. 129 Keyuan Road, Jiangning District, Nanjing [1] - The business scope includes residential interior decoration, construction project management, hotel management, and various technical services [1] Industry Summary - The company operates within the rental and business services industry, specifically in comprehensive management services [1] - The business activities are subject to approval by relevant authorities for certain projects [1] - The operational period is set from February 26, 2026, with no fixed end date [1]

Core Viewpoint - Jinan Zhangqiao Wanda Commercial Development Co., Ltd. has been established with a registered capital of 10 million RMB, focusing on commercial complex management services, investment activities, non-residential real estate leasing, and property management [1]. Group 1: Company Information - The legal representative of the company is Tian Chen [2]. - The company is wholly owned by Wanda Real Estate Group Co., Ltd. [1]. - The registered address is located at No. 102, North Railway Road, Mingshui Street, Zhangqiao District, Jinan City, Shandong Province [2]. Group 2: Business Scope - The business scope includes general projects such as commercial complex management services, investment activities with self-owned funds, non-residential real estate leasing, and property management [2].

Core Viewpoint - A new company, Hangzhou Shouxian Valley Commercial Development Co., Ltd., has been established with a registered capital of 100 million RMB, focusing on various business management services and real estate leasing [1] Company Summary - Company Name: Hangzhou Shouxian Valley Commercial Development Co., Ltd. [1] - Legal Representative: Li Zhenyu [1] - Registered Capital: 100 million RMB [1] - Company Type: Limited liability company (natural person investment or holding) [1] - Business Address: 9th Floor, Room 9137, Ming Shi Commercial Building, 515 Ming Shi Road, Shangcheng District, Hangzhou, Zhejiang Province [1] - Business Scope: Includes management services for commercial complexes, enterprise management, consulting, non-residential real estate leasing, social and economic consulting services, and information technology consulting services [1] Shareholding Structure - Shareholder 1: Hangzhou Gufu Enterprise Management Co., Ltd. - 70% [1] - Shareholder 2: Zhejiang Shouxian Valley Investment Management Co., Ltd. - 30% [1] Industry Classification - National Standard Industry: Rental and Business Services > Business Services > Comprehensive Management Services [1] - Business Duration: Until January 27, 2026, with no fixed term thereafter [1] - Registration Authority: Market Supervision Administration of Shangcheng District, Hangzhou [1]

Core Viewpoint - A new company, Shenyang Tiexi District Guoyue Commercial Management Co., Ltd., has been established with a registered capital of 60 million RMB, fully owned by Shenyang Tiexi District State-owned Assets Management Co., Ltd. [1] Company Information - Company Name: Shenyang Tiexi District Guoyue Commercial Management Co., Ltd. [1] - Legal Representative: Yan Xin [1] - Registered Capital: 60 million RMB [1] - Shareholder: Shenyang Tiexi District State-owned Assets Management Co., Ltd. (100% ownership) [1] - Business Scope: Includes property management, market management services, commercial complex management services, and non-residential real estate leasing [1] - Company Type: Limited liability company (wholly owned by a legal entity) [1] - Business Address: No. 50, North First West Road, Tiexi District, Shenyang, Liaoning Province [1] - Business Duration: Until January 27, 2026, with no fixed term [1] - Registration Authority: Shenyang Tiexi District Market Supervision Administration [1]

Core Viewpoint - Recently, Runhua Commercial (Sanya) Co., Ltd. was established with a registered capital of 5 million RMB, fully owned by Shanxi Runhua Investment Co., Ltd. [1] Company Summary - The legal representative of Runhua Commercial (Sanya) Co., Ltd. is Suo Runhua [1] - The company is registered with a capital of 5 million RMB [1] - The sole shareholder is Shanxi Runhua Investment Co., Ltd., holding 100% of the shares [1] - The company is classified as a limited liability company (wholly owned by a natural person) [1] Business Scope - The business scope includes licensed operations such as accommodation services and tourism business (operating with necessary permits) [1] - General business activities include hotel management, property management, management services for commercial complexes, catering management, conference and exhibition services (subject to approval for overseas exhibitions), information consulting services (excluding licensed consulting services), leisure sightseeing activities, small and micro passenger vehicle leasing services, and etiquette services [1] - The company is located in Sanya City, Hainan Province, specifically at the Zhongliang Dayuecheng Office Building, T2, Room 202 [1] Registration and Duration - The business registration is under the jurisdiction of the Hainan Provincial Market Supervision Administration [1] - The operating period is set from January 27, 2026, with no fixed term [1]

Group 1 - Tianjin Rongsheng Commercial Management Co., Ltd. has been established with a registered capital of 10 million RMB, fully owned by Tianjin Xinchengrong Technology Co., Ltd. [1] - The legal representative of the new company is Wei Shufen, and it operates in the rental and business services industry, specifically in comprehensive management services [1] - The business scope includes commercial complex management services, real estate brokerage, consulting, evaluation, non-residential real estate leasing, land use rights leasing, property management, hotel management, and various other services [1] Group 2 - The company is registered in Hebei District, Tianjin, with its address at Nord Center, 168 Luwei Road, Room 2-1805 [1] - The business license allows the company to operate independently within the scope of its business activities, except for projects that require approval [1] - The company is classified as a limited liability company (sole proprietorship) with an operating period until January 26, 2026, with no fixed term thereafter [1]

Company Overview - Xiamen Liyin City Apartment Management Co., Ltd. has been established with a registered capital of 20 million RMB [1] - The legal representative is Yan Qunying, and the company is wholly owned by Xiamen Chengdi Cultural Investment Co., Ltd. [1] Business Scope - The company's business scope includes housing leasing, commercial complex management services, property management, enterprise management, hotel management, brand management, real estate brokerage, non-residential real estate leasing, information consulting services (excluding licensed information consulting services), investment activities with self-owned funds, marketing planning, sales of building materials, and wholesale of hardware products [1] - The company is also authorized to provide accommodation services, subject to approval from relevant authorities [1] Corporate Structure - The company is classified as a limited liability company (foreign-invested enterprise) [1] - The business address is located at No. 163-114, Xingbei Fourth Lane, Jimei District, Xiamen City, which is designated solely for legal document delivery [1] Industry Classification - The company operates within the rental and business services industry, specifically under comprehensive management services [1]

Core Viewpoint - Xiamen Jinhuh City Apartment Management Co., Ltd. has been established with a registered capital of 20 million RMB, fully owned by Xiamen Chengdi Cultural Investment Co., Ltd. [1] Company Summary - The legal representative of Xiamen Jinhuh City Apartment Management Co., Ltd. is Yan Qunying [1] - The company is classified under the rental and business services industry, specifically in comprehensive management services [1] - The registered address is Room 302, No. 17, Jinzong Road, Huli District, Xiamen [1] - The company type is a limited liability company (wholly foreign-owned enterprise) [1] - The business term is from January 26, 2026, to an indefinite period [1] Business Scope - The business scope includes housing leasing, commercial complex management services, property management, enterprise management, hotel management, brand management, real estate brokerage, non-residential real estate leasing, information consulting services (excluding licensed information consulting services), investment activities with self-owned funds, marketing planning, sales of building materials, and wholesale of hardware products [1] - The company is also authorized to provide accommodation services, subject to approval from relevant authorities [1]