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Recently, our Company (Zhongtian Holdings Group Co.Ltd., hereinafter referred to as ¡°Zhongtian Holdings¡±) learns thata large number of news and information entitled ¡°Zhongtian Construction Submits Prospectus for Listing in Hong Kong¡± are published by the media.Based on investigation, our Company finds that the so-called ¡°Zhongtian Construction Group Co. Ltd.¡± intending to make initialpublic offering in Hong Kong as referred to in the news is an overseas enterprise established by ¡°Hunan Zhongtian Construction Group Co.Ltd.¡±(hereinafter referred to as ¡°Hunan Zhongtian¡±) and the relevant enterprises and persons in the Cayman Islands no more than half a year ago, and has no relationship with ¡°Zhongtian Construction Group Co.Ltd.¡±(hereinafter referred to as ¡°Zhongtian Construction¡±), which is subordinate to Zhongtian Holdings.
Hunan Zhongtianis a private construction enterprise in Zhuzhou, Hunan, and formerly known as Zhuzhou Residential Construction Companywhich was established in 1979,and restructured and renamed as Hunan Zhongtian Construction Co.Ltd. in 2004. As shown in the industrial and commercial registration information and the prospectus, the company has a registered capital of RMB 61.60 million Yuan and five first-class construction qualifications; by the end of 2019, the company had the projects under construction in the contract amount of RMB 5.66 billion Yuan, had the new approved construction projects in the contract amount of RMB 1.14 billion Yuan, achieved the revenue of RMB 1.82 billion Yuan, and had 200-299 employees.The company gained most of the revenue from Hunan and Hainan, and the revenue gained from Zhuzhou accounted for 57.7%.
Subordinate to Zhongtian Holdings, Zhongtian Construction is formerly known as Dongyang Construction and Installation Company, which was established in 1949 and restructured and renamed as ¡°Zhejiang Zhongtian Construction Engineering Group Co.Ltd.¡± in 1996. In 2001, the name ¡°Zhongtian Construction Group Co. Ltd.¡±was used officially.With sales and output value of RMB 130 billion Yuan in 2019, Zhongtian Holdings ranks the 218th place among Chinese top 500 enterprises and the 8th place among Chinese top 80 contractors. Zhongtian Construction has a registered capital of RMB 3.25 billion Yuan,has a dozen of professional qualifications such as the special-class qualification for general contracting of housing construction project and the class-A qualification for engineering design of construction industry, conducts the business in more than 20 provinces, municipalities, and autonomous regions in China, and extends the overseas business to Africa, ASEAN and South Asia.In 2019, Zhongtian Construction achieved the annual output value of RMB 87 billion Yuan and the annual completed area of 38 million square meters.The Company has more than 2700 senior engineers and 2200 registered professionals in various types. The Company has won the National Quality Management Award, the National Civilized Unit, the Chinese Charity Award, the National Trustworthy Unit, the National Credible Enterprise in Construction Industry, the National Class-AAA Credit Enterprise in Construction Industry, and other awards and titles, and won 25 Luban Awards in the industry, so the Company is honored as the Unit with Outstanding Contribution Award (Gold Award) for Creating Projects Winning Luban Award.
Our Company hereby solemnly declares that Zhongtian Holdings has the official registered identity and the exclusive legal right to use ¡°Zhongtian Construction Group Co.Ltd.¡±in Chinese Mainland, and questions Hunan Zhongtian for overseas registration by Hunan Zhongtian of the enterprise with the same name, and for the intensive use by Hunan Zhongtian of the term ¡°Zhongtian Construction¡¯ without any prefixas required in its prospectus and the Chinese media report; our Company reserves the right to institute legal proceedings against Hunan Zhongtian for any adverse effect on the reputation and market of our Company arising from the improper use of the said term within the territory of Chinese Mainland in the future.
Hereby, our Company would like to remind the domestic and foreign investors that there is a huge gap in the strength between ¡°Hunan Zhongtian¡± and our Company. The overseas company ¡°Zhongtian Construction Group Co. Ltd.¡±listed in Hong Kong has no relationship with ¡°Zhongtian Construction Group Co.Ltd.¡±, which is subordinate to Zhongtian Holdings.Please pay special attention to identify the relevant information from Chinese media, so as not to be misled by the improper use of the said name by some organizations or media, confusing such two companies with huge differences in nature and strength, resulting in any unnecessary investment losses!
At the same time, our Company recommends that when reporting the news and information on Hong Kong stocks or on ¡°Zhongtian Construction¡±, ¡°Zhongtian Construction Group Co. Ltd.¡±, and ¡°Zhongtian Group¡± in relation to Hunan Zhongtian, the media shall pay attention to identify the real subject.It is recommended to add (Hong Kong), (Cayman), (Hunan) orother necessary prefixes, so as to avoid unnecessary misleading to readers and investors.
It is hereby declared.
Zhongtian Holdings Group Co. Ltd.
June 4, 2020