Ningbo United Group Co.,Ltd.

Ningbo United Group Co.,Ltd., together with its subsidiaries, engages in the thermoelectricity, real estate, and trade businesses in China. It is involved in the development and construction of Ningbo Economic and Technological Development Zone comprising six functional areas, including industry, commerce, warehousing, public construction, living, and foreign villas. The company also operates Qijiashan Hotel, a four-star tourist hotel; and generates and supplies thermal power and heat. In addition, it is involved in the development of real estate properties and residential projects; tourism culture development business; import and export of various products; and provision of investment management services. The company was formerly known as Ningbo Economic and Technical Development Zone United Development Corporation Limited and changed its name to Ningbo United Group Co.,Ltd. in June 1996. Ningbo United Group Co.,Ltd. was founded in 1988 and is based in Ningbo, China.