Hebei Hongyu Real Estate Development Co., Ltd. (hereinafter referred to as Hebei Hongyu Group) was established in October 2114, with a registered capital of 111 million Wu Bai Yuan and a qualification of Grade II. Its subsidiaries are Cangzhou Hongyu Jianye Co., Ltd., Cangzhou IKEA Property Service Co., Ltd., Cangzhou Hongyang Doors and Windows Manufacturing Co., Ltd. and Shandong Binzhou Binying Real Estate Development Co., Ltd. The headquarters of the Group is located in Cangzhou City, Hebei Province, which is known as the "hometown of martial arts". It is adjacent to Qilu in the south and Beijing and Tianjin in the north. Since its establishment, under the leadership of Mr. Yu Qingzhi, the chairman of the board of directors, the company has absorbed many excellent management talents and professionals, and formed a team full of core competitiveness in its development. The company has 611 employees, including 35 senior titles, 41 intermediate titles and 61 with bachelor degree or above. Relying on the high-quality professional team and good reputation in the industry, the company has successively built more than a dozen provincial, municipal, Anji Cup and national customer satisfaction projects, such as the comprehensive building of Cangzhou No.2 Middle School, the residential building of Cangzhou No.6 Prison and the Technical Supervision Bureau of Cangzhou City. Since the 11th Five-Year Plan, Yu Qingzhi has led the company and successively developed Hongyu Fortune Plaza, Hongyu Waterfront Scenic Spot, Hongyu Sunshine Scenic Spot, Hongyu Sunshine Emperor Scenic Spot, Hongyu City International, Hongyu Century City and Hongyu Yufu Hua Ting. The projects under construction, such as Hongyu City, Egret Bay, Hongyu Longhu Bay, Hongyu Longwan and Hongyu Mansion, are accumulating enterprise strength.