Group 1 - Shanghai Construction Group has established Jiangsu Construction Co., Ltd. under its subsidiary, with a registered capital of 40 million yuan [1] - The legal representative of the newly established company is Wang Deyue [1] - The business scope of the company includes construction engineering design, residential interior decoration, construction engineering contracting, specialized construction operations, property management, and landscaping engineering [1]

Audit Opinion - The audit of Wuhan Municipal Engineering Design Institute Co., Ltd. (hereinafter referred to as "the Institute") financial statements for the periods ending March 31, 2025, December 31, 2024, and December 31, 2023, indicates that the financial statements fairly reflect the financial position and operating results of the Institute in accordance with accounting standards [1][1][1]. Company Overview - The Institute was established on October 26, 2001, with a registered capital of 17.1289 million RMB, located in Wuhan, Hubei Province [1][1]. - The main business activities include construction engineering surveying, design, mapping services, project supervision, special equipment design, land spatial planning, quality testing, and construction [1][1]. Asset Restructuring - Wuhan San Zhen Industrial Holding Co., Ltd. plans to acquire 100% equity of the Institute through a combination of issuing shares and cash payment [1][1]. - The financial statements are prepared solely for the purpose of this proposed asset restructuring and are intended for submission to regulatory authorities [1][1]. Financial Reporting Basis - The financial statements are based on the assumption of going concern and prepared in accordance with the relevant accounting standards issued by the Ministry of Finance and the China Securities Regulatory Commission [1][1]. Important Accounting Policies - The Institute has established specific accounting policies and estimates for revenue recognition and research and development expenditures based on its operational characteristics [1][1]. - The financial statements comply with the requirements of accounting standards and provide a true and complete reflection of the Institute's operating results and cash flows for the fiscal years 2023 and 2025 [1][1]. Financial Statement Preparation - The financial statements are prepared using the accrual basis of accounting, with historical cost as the measurement basis, except for certain financial instruments [1][1]. - The Institute's accounting policies and estimates are detailed in the notes, including significant judgments made by management [1][1].

Core Viewpoint - Fuyang Shengminglai Building Materials Co., Ltd. has been established with a registered capital of 30,000 RMB, indicating a new player in the building materials industry [1] Company Summary - The legal representative of the company is Wang Siliang, which may suggest a centralized management structure [1] - The company’s business scope includes general projects such as sales of building materials, insulation materials, and metal products, indicating a diverse product offering [1] - The company is also involved in professional design services and engineering management services, which may enhance its competitive edge in the market [1] Industry Summary - The establishment of new companies like Fuyang Shengminglai reflects ongoing growth and opportunities within the building materials sector [1] - The inclusion of various sales and service categories, such as metal materials and construction engineering design, highlights the multifaceted nature of the industry [1] - The company’s operations will be subject to regulatory approvals for certain projects, indicating a structured approach to compliance within the industry [1]

Group 1 - A new company, Shanghai Shengwei Construction Engineering Co., Ltd., has been established with a registered capital of 10 million RMB [1] - The legal representative of the company is Zhu Jiaming, and it is wholly owned by Ximing (Shanghai) Architectural Design Engineering Co., Ltd. [1] - The business scope includes construction engineering, design, residential interior decoration, and various sales and technical services [1] Group 2 - The company is classified under the construction industry, specifically in residential building construction [1] - The registered address is located at Room 1001, 10th Floor, No. 173 Guangji Road, Hongkou District, Shanghai [1] - The company is a limited liability company with a business term lasting until August 19, 2025, with no fixed expiration [1]

Core Points - The company aims to enhance its corporate governance structure and protect the rights of shareholders and creditors by revising its articles of association [1][2] - The company is established as a joint-stock company in accordance with the Company Law and other relevant regulations [1][2] - The company’s registered address is located at 7699 Fanhua Avenue, Hefei Economic and Technological Development Zone [1][2] Chapter Summaries Chapter 1: General Provisions - The articles of association are designed to regulate the organization and behavior of the company, ensuring compliance with the Company Law and Securities Law [1][2] - The company is a joint-stock company established through the overall change of Anhui Provincial Architectural Design Research Institute [1][2] Chapter 2: Business Objectives and Scope - The company’s business scope includes construction engineering design, land spatial planning, construction engineering, and other related services [14][15] - The company is authorized to engage in various engineering technical services and property management [14][15] Chapter 3: Shares - The issuance of shares follows principles of openness, fairness, and justice, ensuring equal rights for all shareholders of the same class [16][17] - The company’s shares are denominated in Renminbi and are centrally deposited with the China Securities Depository and Clearing Corporation [16][17] Chapter 4: Shareholders and Shareholders' Meeting - Shareholders have rights to dividends and other benefits proportional to their shareholdings [32][33] - The company’s shareholders' meeting is the authority of the company, responsible for major decisions including the election of directors and approval of financial reports [46][47] Chapter 5: Responsibilities of Shareholders - Shareholders must comply with laws and the articles of association, and they are liable for the company's debts to the extent of their shareholdings [40][41] - Shareholders holding more than 5% of voting shares must report any pledges of their shares to the company [39][40]

Core Viewpoint - Sichuan Chengya Expressway Co., Ltd. has been established with a registered capital of 100 million yuan, focusing on highway management, maintenance, construction engineering, and design [1] Company Summary - The newly formed company is a joint venture involving Sichuan Chengyu and other stakeholders [1] - The registered capital of the company is 100 million yuan, indicating a significant investment in infrastructure development [1] Industry Summary - The establishment of this company reflects ongoing investment and development in the highway management and construction sector in Sichuan [1] - The company's operations will include various aspects of highway management and construction, which are critical for regional infrastructure growth [1]

Core Viewpoint - Hebei Qunwei Engineering Design Co., Ltd. has been established with a registered capital of 3 million RMB, fully owned by Hebei Xiangshun Enterprise Management Consulting Co., Ltd. [1] Company Summary - Company Name: Hebei Qunwei Engineering Design Co., Ltd. [1] - Legal Representative: Cheng Yongdong [1] - Registered Capital: 3 million RMB [1] - Shareholder: Hebei Xiangshun Enterprise Management Consulting Co., Ltd. holds 100% [1] - Business Scope: Includes construction engineering design, surveying, supervision, and various engineering services [1] - Company Type: Limited liability company (wholly owned by a natural person) [1] - Business Duration: Until August 5, 2025, with no fixed term thereafter [1] - Registration Authority: Tangshan Kaiping District Market Supervision Administration [1] Industry Summary - Industry Classification: Scientific research and technical services, specifically in industrial and professional design and other technical services [1] - Address: No. 83, Rongsheng Road, Kaiping Street, Kaiping District, Tangshan City, Hebei Province [1]

Group 1 - A new company named Zhonggong Sheyan Design (Hangzhou) Co., Ltd. has been established with a registered capital of 1 million yuan [1] - The legal representative of the company is Wu Yafei, indicating a clear leadership structure [1] - The business scope of the company includes construction engineering design, surveying, quality testing, and labor subcontracting [1] Group 2 - The company is wholly owned by Sheyan Institute, reflecting a strong backing and potential for growth in the construction sector [1]