Property Investment and Development Business

In April 2020, Kaisa Capital successfully acquired a residential land that is located in a core urban area of Hong Kong, signifying another step towards the Company’s strategic goal of developing a full production chain in the property and construction industry. The successful acquisition of the land marks a fresh new beginning for Kaisa Capital in the Hong Kong property sector, injecting strong impetus into the Company’s future leapfrog development, while at the same time, the synergy between the property and construction businesses will also stimulate the growth of the Company’s existing construction equipment leasing services.