Liaoning Hezhan Energy Group Co.,Ltd. (China)

Tieling Newcity Investment Holding (Group) Limited, located in Tieling, is a company that underwent a major asset restructuring in 2011. They sold all their assets and liabilities and injected 100% equity into Tieling Caijing, making it a wholly-owned subsidiary of Zhonghui Medicine. The company's main business shifted from processing traditional Chinese medicine and Chinese patent medicine to first-level land development and the construction and operation of municipal infrastructure. Tieling Caijing is authorized by the Tieling Municipal People's Government to be the comprehensive urban operator of Tieling New City, specifically engaged in first-level land development and urban infrastructure operation. Tieling Caijing, entrusted by the Tieling Municipal Government and the Tieling Land Reserve Center, organizes the demolition and construction of municipal infrastructure for state-owned construction land reserved by the Tieling Municipal Government through acquisition, recovery, and requisition in accordance with the law. They also obtained the franchise rights for water supply, taxi operation, and sewage treatment in the new city area. On May 30, 2019, the company changed its full name from "Tieling Newcity Investment Holding Co., Ltd." to "Tieling Newcity Investment Holding (Group) Co., Ltd."