About CHINA FORTUNE Company

China Changyuan Holdings Limited (“China Changyuan” or the “Group”) (previously known as Changyuan Telecom Network Group Co., Ltd.) mainly sells and distributes mobile phones and digital products in the People's Republic of China (“China”). The Group was founded in Hong Kong in 1992, first listed on the GEM of the Hong Kong Stock Exchange Limited on February 16, 2000 (stock code: 8040), and was successfully listed on the Main Board on January 26, 2004 (stock code: 110). The Group has a strong shareholder background and a dedicated professional management team. In 2007, the Group acquired Zhuhai Leimingda Communication Equipment Co., Ltd., a company that sells mobile phones and telecommunications equipment in China. In 2009, the Group acquired a strontium mine in China as its first step into the natural resources industry. In 2019, Beijing Flying Eagle was recorded as a subsidiary of the Company, and Beijing Flying Eagle's performance can be consolidated into the Group's accounts. The Group entered the used mobile phone and mobile phone application market in China. In 2020, the Group withdrew from the used mobile phones and mobile phone application market in China. Beijing Flying Eagle is no longer registered as a subsidiary of the Company and is recorded as an associated company of the Company. In 2021, the Group entered the database traffic monetization business for automatic bag takers and mobile phone applications (known as Beijing Pocket Manager) in China. Combining Chinese and Western culture, incorporating traditional and modern management philosophy, is the corporate culture of the Group to achieve the purpose of “focusing on the long term and making progress every day”. “People first, enterprise at home” is China's long-term enterprise spirit. Under the leadership of an energetic and courageous management, all employees of China Long-term will unite to implement the Group's goals and become one of the largest and best wireless communication and data product service providers in the region.