Lhasa Development Group increased its capital from 1 million to 1 billion, an increase of 99900%.

Tianyancha's business information shows that recently, Tibet Chenglian Engineering Project Management Co., Ltd. has undergone a business change, with the company name changed to Lhasa Development Group Co., Ltd. The registered capital has increased from 1 million RMB to 1 billion RMB, an increase of 99900%. At the same time, several key personnel have also undergone changes. Lhasa Development Group Co., Ltd. was established in July 2017, with Lei Yongjian as the legal representative. Its business scope includes construction engineering construction, real estate development and operation, construction engineering design, urban construction waste disposal, municipal facility management, landscaping construction, property management, and asset management services for self-owned funds investment. Shareholder information shows that the company is fully owned by the Lhasa Municipal People's Government State-owned Assets Supervision and Administration Commission.