Poly Development and others established Shanghai Baohehui Enterprise Development Co., Ltd.

The Qichacha APP shows that recently, Shanghai Baohehui Enterprise Development Co., Ltd. was established, with Wu Jinsong as the legal representative and a registered capital of 2.5 billion yuan. The business scope includes enterprise management; hotel management; management services for commercial complexes; project management services; non-residential real estate leasing; and property management, among others. Qichachas equity penetration shows that the company is jointly held by Poly Development's wholly-owned subsidiary, Shanghai Poly Urban Development Co., Ltd., and Shanghai Huicheng Real Estate Management Co., Ltd.