About Qingdao Zhongzi Zhongcheng Group Company

The company's predecessor was Hengshun Electric Co., Ltd., a state-owned enterprise formed in 1998 as a joint venture between China Electric Power Technology Import and Export Corporation, the Materials Department of the Shandong Electric Power Administration, the Qingdao Electric Power Administration, and Qingdao Transformer Group Corporation. Hengshun Electric completed the shareholding system reform in 2010 and was listed on the Shenzhen Stock Exchange GEM in 2011. Currently, the largest shareholder is Qingdao City Investment Financial Holdings Co., Ltd., a subsidiary of Qingdao Urban Construction Investment (Group) Co., Ltd., a large state-owned enterprise under the Municipal State-owned Assets Administration Commission. The company's main business is the development and operation of Indonesian industrial parks, and continues to expand related business in Indonesian industrial parks. Company honors: National high-tech enterprises, famous brands in Shandong Province, famous trademarks in Shandong Province, Qingdao Enterprise Technology Center, etc.