Our Investments

Property Management Services

In 2020, the Group entered into the property management industry. Founded in 2019, Zhejiang Huiyong Property Management Service Co., Ltd. (浙江暉永物業管理服務有限公司) (“Huiyong Service”), an indirect wholly-owned subsidiary of the Company, was recognized as the “2020 Top 100 Property Management Companies in China” by the China Index Academy and was awarded the title of “China Property Service Company with Featured Brands” in 2021.

Huiyong Service provides diversified property management services and value-added services, with a number of property management projects and potential projects in Zhejiang, Sichuan, Fujian, Yunnan, Guizhou and Chongqing. The properties under management comprised a variety of property types including residential communities, retail premises, office premises, sales offices and scenic areas, etc.

In November 2024, the Group acquired Chengdu Doof Commercial Management Limited Liability Company* (“Chengdu Doof”) (成都多弗商業管理有限責任公司). Chengdu Doof is principally engaged in commercial property management and artificial intelligence software development in the PRC and has entered into an exclusive property management contract with the owner of a commercial complex located in Chengdu Shanbanqiao Business District (杉板橋商圈). The complex comprises hotels, shopping malls, office buildings, and parking lots, with a total gross floor area of approximately 136,492.98 square meters for a fixed term of ten years. The property has an excellent geographical location with convenient access to Line 6 and Line 8 of the Chengdu Metro and is also well-connected to core business districts, including the Jianshe Road Business District (建設路商圈) and the Wanxiangcheng Business District (萬象城商圈) in Chengdu, which have affluent pedestrian flow.

Renovation and Decoration

The Group entered into the renovation and decoration industry in 2020 which enables the Group to acquire resources, skills and techniques and expand to complementary businesses. Wenzhou Beichen Construction Co., Ltd. (溫州北宸建設有限公司) (“Beichen Construction”), an indirect subsidiary of the Company, is principally engaged in renovation and decoration and engineering services in the PRC and holds the PRC Grade One construction and decoration engineering contractor qualification.

Beichen Construction specializes in decoration design and construction of hotels, shopping malls, office buildings, schools, hospitals, and other places. Its business is mainly located in Zhejiang Province, and it is currently gradually expanding business to other provinces. Beichen Construction strategically focuses on regional and third and fourth-tier cities, with in depth development in the Zhejiang and Yangtze River Delta market. It will continue to secure new projects, proving public space decoration services for target customers such as local governments, private enterprises, and centralized state-owned enterprises. In its product planning, the company will prioritise public space decoration services as the core focus of its business development.

Hotel operation in Lijiang

The Group is currently operating a hotel situated at No.198 Guyou Lane, Lijiang, Yunnan, the PRC, immediately adjacent to the south gate of the UNESCO-listed Lijiang Old Town in Yunnan Province. It comprises of 104 guest rooms, each featuring a distinct design that reflects strong local cultural elements of the Naxi ethnic group (納西族). In addition to accommodations, the premises offer comprehensive event facilities suitable for meetings, conferences, weddings, and other social gatherings.