Everbright Grand China Assets Limited (the “Company”) owns, leases and manages properties located in Chengdu, Sichuan province, and also owns and leases a property located in Kunming, Yunnan province. The properties are located in the city centers of Chengdu and Kunming, the key cities of western China, and the stable tenant base provides a stable and recurring revenue source. As of the Latest Practicable Date, the Company had ten wholly-owned subsidiaries, five of which were their Major Operating Subsidiaries. The property portfolio comprised three commercial properties, namely Everbright Financial Center, part of Everbright International Mansion and Ming Chang Building, with a total GFA of approximately 89,506.5 sq.m. and residential properties, namely part of Dufu Garden, with a total GFA of approximately 2,121.4 sq.m.. As a member of China Everbright Group, Everbright Grand China Assets Limited benefits from synergies with China Everbright Group and recognition of the “Everbright” Brand. Everbright Grand China Assets Limited are led by an experienced senior management team, which has extensive management and industry experience, it is believed that the experience of the management team will continue to lead to identify suitable investment opportunities, including in overseas markets, and contribute to the success of their business and expansion.