The Group is principally engaged in property development and investment, money lending business of providing mortgage and personal loan financing services.

The Group will further expand the loan portfolio of “X Wallet” and diversify its offerings to optimise the lending experience for customers, in order to enhance its unsecured loan market segment competitiveness.

Under the anti-epidemic measures, the living behavior have been constantly changed by “work from home” and “social distancing”, which have brought unique advantages to the Group’s financial technology lending business. Customer can through a fully automated mobile application for the personal loan with instantly approval and 24 x 7 instant fund transfer. With the support of the mobile application technology, the Group’s money lending business is expected to grow steadily. In the PRC, Central government has implemented various tightening monetary policies to cool down the overheated property market. We believe the PRC will continue to play a key role in the future global economy. Property investment and development has been the principal business of the Group for all these years and the Group is looking for investment opportunities in the property markets in the PRC.