Business

The Group is principally engaged in leasing, property development and investment, marine recreation services and hotel business.

In respect of the leasing business, in the face of the complicated domestic and international economic situation, the Group proactively responded to the various severe challenges, anchored in its goals, overcame the difficulties, optimized its asset structure and layout, and maintained a steady business development. On the basis of strictly adhering to the bottom line of risk and strengthening compliance operations, the Group will seize the historical opportunity to develop new quality productive forces, actively deploy strategies in emerging industries, focus on enhancing the effectiveness of serving the real economy, persist in making progress amidst stability, and strive to achieve stable operation in the diversified and dynamic market environment.

In respect of property development and investment, the Group increased the marketing efforts in 1H2024 and achieved the set target for the CCT-Champs-Elysees project under the severe market environment. In the next step, the Group will speed up the sales of its property stock, and utilize the recovered funds for the principal business of leasing.

In respect of the marine recreation services and hotel business, the Group's operating efficiency in 1H2024 was steady and improving. In the next step, the Group will adhere to market orientation, deepen the integration of culture and tourism, and endeavor to explore new customers. At the same time, the Group will actively explore and promote subsequent asset restructuring.