We are a state-owned urban service and operation provider with business operations primarily based in Changsha, Hunan Province. We provide a wide spectrum of services to our customers, forming a cohesive business layout rooted in urban area. The services we providecan be divided into three categories depending on service characteristics and industry standards: (i) property management services, including different property management services and value-added services to public properties, commercial properties, and residential properties; (ii) urban services, including landscaping and engineering, lighting system operation, parking lot operation, and municipal sanitation services; and (iii) commercial operation services. We have built a reputation in the local market by serving a variety ofproperty owners and developers, and our prospects are reliant on the relationships we have cultivated with these property owners and developers, particularly the local government and its affiliated entities, public institutions, and other SOEs in Changsha.