Fubang Industry Co., Limited (hereinafter referred to as Fubang Group), formerly known as Construction Industry Group Co., Ltd. was established in June 1998, following the Government’s general planning to intensively promote the reform of state-owned enterprises. Originally the state-holding shares accounted for 30% of its total capital stock while the rest 70% was held by the top managers, but it officially became a private stock enterprise with the withdrawal of the state-owned stock in 2002. Currently, after years of development, Fubang Group has developed into a comprehensive business group dominated byreal estate while also integrating the fields of business trade, ecommerce, trade, chemical and mineral investment, etc.

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