Jinao International Co., Ltd. (former company name: No. 9 Express Co., Ltd.), the group was listed on the Hong Kong Stock Exchange in 2001 (stock code: 00009), mainly engaged in property and hotel development, property leasing and investment in centralized heating businesses in China. The Group's business has reached a new milestone since 2008. Through the acquisition of a five-story shopping center located in Chengdu, Sichuan, China, the Group began to invest in the Chinese property market. Its property leasing has always brought a steady income to the Group. To further demonstrate its determination to seek opportunities for property development, the Group acquired Hunan Jiuhua International New Town Development and Construction Co., Ltd. in November 2010. The company's main business areas include domestic property development, property management and hotel management. The Group is convinced that continuing to expand China's property investment business will bring positive benefits to the Group's future development, performance contribution and company brand. In order to further diversify its business, the Group completed the acquisition of 49% of the shares of Weiheng Development Co., Ltd., the first cogeneration centralized heating project in Dongguan, in March 2016, and used this to enter the environmentally friendly thermal energy technology business, targeting huge market potential. The Group believes that the new project will bring sustainable benefits in the long term.
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