Xinjiang Youhao (Group) Co., Ltd. (SH:611778), formerly known as Urumqi Youhao Shopping Mall, was founded in 1958 and belongs to Xinjiang time-honored state-owned commercial retail enterprise. In 1987, it was rebuilt and expanded on the original site with the approval of Urumqi Municipal People's Government, and it was put into operation in 1989; In 1993, it was restructured into a joint stock limited company by directional fundraising, and the Economic System Reform Committee of Xinjiang Uygur Autonomous Region approved the establishment of Urumqi Friendship Shopping Mall Co., Ltd. by directional fundraising in the document of New Restructuring [1993]193. On 1996-11-11, the net assets of China Securities Regulatory Commission were converted into 24,111,111 state shares with the approval of Zheng Jian Fa Zi [1996] No.341 document, and the cash investment of the other four promoters was converted into 17,811,111 corporate shares, and 22,211,111 corporate shares and 16,111,111 internal employees were raised in a targeted manner. After the initial public share issuance on 19-19, 1996, the total amount of shares listed was. In 1996, the stock was listed on the Shanghai Stock Exchange, which turned it into a public listed company with a registered capital of RMB 311,491,352.11. In 1998, the strategic reorganization of assets was carried out, and Xinjiang Friendship (Group) Co., Ltd. was established by combining with Tianshan Department Store in Urumqi.