Hua Yin International Holdings Limited (Hong Kong SAR, China)

Hua Yin International Holdings Limited, formerly known as Guangze International Development Limited, was established in 1990 and listed on the Main Board of the Hong Kong Stock Exchange in 1997 (stock code: 989). The company operates in three main areas: property development and management, property investment, and retail management services. In terms of property development and management, the company acquired a 35% stake in the Changbai Mountain Real Estate Project in Jilin, China in October 2013 and obtained the management rights for the project. This comprehensive real estate project is expected to develop into a high-end resort that includes a six-star hotel, theme park, independent villas, and apartments. Recognizing the growing importance of property investment, the company established a separate business division for property investment in September 2013, with all current investment properties located in Hong Kong. In the retail management services sector, the company operates 21 telecommunications retail service stores in Shanghai, providing sales and management services for telecom equipment.