China Merchants Shekou Industrial Zone HoldingsEstablishes a wholly owned real estate development subsidiary in Beijing with 2 billion yuan registered capital, expanding its business scope.

China Merchants Shekou has established a new company in Beijing named Beijing Zhaorong Real Estate Development Co., Ltd., with a registered capital of 2 billion yuan. The company is wholly owned by China Merchants Property Development (Beijing) Co., Ltd., a subsidiary of China Merchants Shekou, and its legal representative is Li Ang. Its business scope includes real estate development and operation, real estate consulting, property management, parking lot services, and non-residential real estate leasing.
China Merchants Shekou Industrial Zone HoldingsEstablishes a wholly owned real estate development subsidiary in Beijing with 2 billion yuan registered capital, expanding its business scope.
Newly established entity, wholly owned by China Merchants Shekou, with registered capital of 2 billion yuan.