Beijing Zhaohua Hefu Investment Management Limited

      Zhaohua Hefu is a company incorporated in the PRC with limited liability. It is owned as to 25% by Beijing Kaisheng Guanhua Investment Company Limited (the subsidiary of the Group), 35% by Mr. Yu Jiye and 40% by Beijing Huidong Rongchuang Investment Company Limited. Zhaohua Hefu principally engaged in (i) investment management; (ii) assets management; and (iii) investment advisory service.

Beijing Shuozhan Zhongfu Investment Centre (Limited Partnership)

      Beijing Shuozhan Zhongfu Investment Centre (Limited Partnership) is a limited partnership enterprise to be incorporated in the PRC which is principally engaged in (i) project investment; (ii) investment management; (iii) assets management; and (iv) consultation service.

Beijing Baiyitong Technology Co., Ltd

      Beijing Baiyitong is a company incorporated in the PRC and is principally engaged in the development of computer software and provision of information technology services. The existing major customers are enterprises in food and beverage industry. Beijing Baiyitong has developed the Software and Applications for small and medium size enterprises for procurement management and application procedures.