July 19, 2016 witnessed the establishment in Zhuhai International Convention and Exhibition Center of the strategic cooperation relationship between Tahoe Investment Group Co., Ltd. and Zhuhai Huafa Group Co., Ltd. as well as the signing of a strategic cooperation framework agreement. Tahoe Investment Group Chairman Huang Qisen, Huafa Group Chairman Li Guangning, as well as the relevant company executives of both parties, attended the signing ceremony.

The two parties signed a strategic cooperation framework agreement

The two parties have reached a consensus on four business of the real estate, financial investment, cultural industries, hotels and tourism. Under the agreement, the two parties will play their respective advantages, expand the cooperation space in an all-round way of urban operations, real estate development, financial industry, industrial investment, business service, culture education and sports, modern service and others, and further promote win-win cooperation of both parties in the Yangtze River Delta, Pearl River Delta and the whole country at large, especially the leap-forward industrial integration in Shanghai, Fuzhou and Zhuhai and other major cities.

In the real estate sector, Tahoe and Huafa will cooperate in depth with the view of “based on the Yangtze River Delta and taking a abroad view of China", taking their respective regional and financial advantages to integrate resources and build a real estate benchmark project; in the sector of financial investment, the two parties will actively promote the sharing and docking of the financial platform, including its holding and equity participation commercial banks, securities companies, various types of financing, guarantee institutions, to improve the financial capital industry layout; in the cultural industry sector, both will be committed to sharing cultural brand, operating experience and other resources to foster cultural and educational industries for the efficient and coordinated development of the real estate investment and cultural and educational supporting investment; in the hotel and tourism business sector, the two will strengthen the tourism and hotel business cooperation, and strive to promote customer resource sharing, enhance the hotel property management services for double win.

A consensus on cooperation has been reached by both parties at the symposium

July 19, 2016, accompanied by related senior executives of Huafa Group Co., Ltd., Huang Qisen and his team visited Huafa Mall, Huafa New Town, Hengqin International Tennis Center, Yung Wing School, Huafa Hills, Shizimen Central Business District and other representative projects of Huafa Group in Zhuhai.

Huang Qisen and Li Guangning made a statement at the symposium

Huafa Group is known as the most influential state-owned enterprise in Zhuhai, holding three listed companies of "Huafa Industrial Share", “Leaguer Stock Co., Ltd.", "iOne Holdings Limited", with assets of 191.8 billion Yuan. In addition to Zhuhai, the business layout has been expanded to Beijing, Shanghai, Guangzhou, Shenzhen, Tianjin, Hong Kong, Macao, San Francisco, Tel Aviv and other places. Since 2012, Huafa Group Co., Ltd. has implemented the "transformation and upgrading for cross-border development" strategy, basically transformed from the regional real estate enterprise to innovation-driven integrated enterprise group in 2015, and formed the four core business of urban operations, real estate development, financial industry, and industrial investment, as well as the "4+1" business structure for integrated supporting business of business service, culture education and sports and modern service. In 2015, the four core business of Huafa Group all ranked first in the industry in Zhuhai, integrated supporting business also took a leading position.

Established in 1996, Tahoe Investment Group Co., Ltd., a listed company in China Main Board, is the controlling shareholder of Tahoe Group Co., Ltd. Up to now, Tahoe Investment Group is a holding group covering multi-fields of finance, healthcare, real estate, and investment, which has total assets of more than 13 billion US dollars, and has successful holdings in two listed companies (Tahoe Group Co., Ltd. the US Nasdaq listed company - Alliance healthcare Services), and participation in one listed company (Dongxing Securities).

Industry analysts say that this strategic cooperation will contribute to the association between Huafa and Tahoe to better play their role in guiding and boosting development in related industries, broaden and innovate channels for cooperation in urban operations, real estate development, financial industry, industrial investment, business service, culture education and sports and modern service, aggregate outstanding talents and superior resources for not only coordinated and innovative development but mutual benefit and double win.