Company Information

GR Properties Limited (the “Company”) is a public limited company incorporated in Hong Kong and its shares are listed on The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) since February 1973.

In February 2014, the Company allotted 395,920,914 shares at HK$1.00 per share to Wintime Company Limited.

Currently, Wintime Company Limited and Mr. Sun Zhongmin (“Mr. Sun”) holds 360,288,031 shares of the Company (representing 68.25% of the issued share capital of the Company) and 35,632,880 shares of the Company (representing 6.75% of the issued share capital of the Company), respectively. Wintime Company Limited is wholly owned by Mr. Wei Chunxian (“Mr. Wei”). Each of Mr. Wei and Mr. Sun are director and shareholder of Beijing Guorui Holdings Limited (北京國銳控股有限公司, “Beijing Guorui”). Presently, Mr. Wei is the Chairman and executive director of the Company, Mr. Sun is also an executive director of the Company. Beijing Guorui was established in Beijing, the PRC, through its subsidiaires, Beijing Guorui is principally engaged in property development and investment in Beijing and is specialized in boutique developments and commercial complex in Beijing.

At this stage, financial resources of the Company and its subsidiaries (collectively referred to as the "HK GR Group") are from the investment properties located in the People's Republic of China (excluding Hong Kong). In May 2015, we have acquired Beijing AOCEAN Business Management Company Limited successfully, we are ready to explore the property management segment.

Looking forward, it is the intention of the Company to continue the existing property investment, hotel management business and property management business of the HK GR Group. The Company will closely monitor the market conditions and explore business opportunity which will lead to the growth of the HK GR Group and create greater value to the shareholders.