Beijing Junzhuang Project in Mentougou District
• The Mentougou District is located in the western part of Beijing. The mountains in the district are connected to Xiangshan (香山), a renowned national tourism destination, comprising an integral part of the Western Beijing ecological conservation area. Located in the northeast of Mentougou and west part of Xiangshan Mountain, Junzhuang Town has formed the industrial pattern of”one town and four villages”. Based on the unique geographical position of the project and combined with its spatial
characteristics, it will be developed into a comprehensive industrial park with functions of cultural and technological innovation, ecological and health care, tourism and leisure, education and so on, and create an innovative town that combines cultural and technological innovation with green industry development.
• The Group and Beijing Vanke Enterprises Co. Ltd. has jointly established a project company (we are entitled to a 50% equity interest), which will be granted an exclusive right to develop and operate the Eastern Zone of the project. The project company will succeed in contracting the agricultural land (農用地) from the relevant village community economic cooperatives.In addition, using a model known as the “Village-Corporate Collaboration”with the co-ops, the project company shall also develop and operate the construction land collectively owned (集體建設用地) by the relevant village community economic cooperatives.