Parent Company

China Chengtong Holdings, directly holds 100% shares of CCTAM, is a state-owned enterprise under the auspices of the State-owned Assets Supervision and Administration Commission (“SASAC”) of the PRC. China Chengtong Holdings owns more than a hundred subsidiary companies all over China, among which, six are listed companies including Zhong Chu Development Stock Co., Ltd., (SH 600787), Foshan Huaxin Packaging Co., Ltd (SZ 200986), China Chengtong Development Co., Ltd. (HK 00217), Guangdong Guanhao High-Tech Co., Ltd (SH 600433), Yueyang Forest & Paper Co., Ltd(SH 600963), and MCC Meili Paper Industry Co., Ltd. (SZ,000815). China Chengtong Holdings’ total assets value amounts to over RMB90 billion and its core businesses covering asset management, integrated logistics services, trading of capital goods, production and exploitation of forestry-pulp papers, operation of commodities goods wholesale market, tourism and packaging businesses.

The Group’s main businesses include assets operation and management, integrated logistics service, capital goods trade, production, development and utilization of forestry-pulp papers. The group's businesses also cover prompt goods wholesale markets, human resources development, hotel management, oceanic tourism, packaging industry and agricultural product circulation. In the future, the Group will reinforce the adjustment of state-owned capital deployment in line with its new strategic orientation and characterize the state-owned capital operation corporations.