Hubei Industrial Construction Group Co., LTD. (hereinafter referred to as "The Group company") is a large state-owned construction enterprise group, whose main business includes housing construction, infrastructure, mechanical and electrical installation, investment and operation, water affairs environmental protection and engineering design, etc., which performs the role of investor by The State-owned Assets Supervision and Administration Commission of The Hubei Government. In order to standardize the entrustment behavior of the Group company and improve the quality of asset evaluation, it is decided to select qualified social intermediary institutions through public selection and establish the alternative database of intermediary institutions of the Group Company (hereinafter referred to as "alternative Database"). The relevant matters are hereby announced as follows:

1. Scope of establishment of intermediary

Assets evaluation company.

2. Shortlisted conditions for intermediaries

(1). A social intermediary that is registered within the territory of China, whose business license is within the validity period and has the status of an independent legal person.

(2). A securities qualification asset appraisal company with a registered capital of more than 1 million yuan (including 1 million yuan) and no less than 50 full-time employees; Non-securities qualification asset appraisal company, with a registered capital of more than 500,000 yuan (including 500,000 yuan), shall have no less than 20 full-time employees.

(3). It has the <> issued by the financial department of the State Council or the financial department of the people's government of the province, autonomous region or municipality directly under the Central Government.

(4). It has a sound organizational structure, quality control system and internal management system, and has a social intermediary agency with excellent asset evaluation performance and excellent service quality in the past three years.

(5). The company is able to abide by the asset evaluation standards, perform asset evaluation procedures, has a strong comprehensive strength, high corporate integrity, and a good social reputation. There has been no violation of laws or disciplines in the past three years.

3. Application materials of intermediary agencies

Social intermediary agencies that meet the above conditions and are willing to undertake the asset evaluation business of the group company can apply to the group company's financial investment center from September 3, 2020 to September 8, 2020, and submit the following materials

(1). Application form for alternative database of social intermediary agencies of Hubei Industrial Construction Group (Attachment 1);

(2). List of major projects implemented in the last three years;

(3). Copies of business license and practice certificate (qualification certificate)；

(4). A copy of the practicing qualification certificate which has passed the annual inspection;

(5). In recent three years, it has not been punished by relevant departments, without lost the lawsuit and has no record of bad behavior.

The above materials with photocopies need to be stamped with official seal. The group company will set up an evaluation committee to review the materials submitted by social intermediary agencies, determine the list of alternative intermediary agencies and publicize them. After the publicity, they will be selected into the alternative database of intermediary agencies of the group company.

Contact Company: Financial investment center of Hubei Industrial Construction Group Co., Ltd.

Address: Building B16, Phase II, Wuhan Software New City, Donghu High-tech Zone, Wuhan city.

Contact Person: Li Yue

Contact number: 18627947968

Attachment to the announcement on the establishment of the alternative bank of intermediary agencies.docx