Run Fa Qin

Ningbo Hailiang Property Investment Co., Ltd. engages in the real estate project investment and wholesale and retail of building materials except bamboo. The company was founded on June 16, 2017 and is headquartered in Ningbo, China.

Anhui Hailiang Property Co., Ltd. engages in the development, sale, leasing, and after-sales service of real estate. The company was founded on July 15, 2009 and is headquartered in Hefei, China.

Xinjiang Ruilun Mining Industry Co., Ltd. engages in the investment and operation of mineral resources business. Its business scope includes underground mining of polymetallic, gold, and silver; development of mineral resources; processing, acquisition, and sales of mineral products; sales of mining machinery and equipment, hardware, and electricity; and mining technology information consulting services. The company was founded on January 7, 2008 and is headquartered in Hami, China.

Subei Mongol Autonomous County West Mine Vanadium Technology Co., Ltd. engages in the production and sale of vanadium raw materials and products. The company was founded on August 26, 2019 and is headquartered in Jiuquan, China.