AGGAME·(中国区)

HuaYuan brand was founded.

Huawei Building, a commercial real estate project developed by HuaYuan and located at the core of Xidan in Beijing, has created several firsts in the real estate history. The first project which was changed from the financial allocation to a joint venture; The first turnkey project jointly contracted by China and foreign countries; Beijing's first sino-foreign (Norway) joint venture real estate project; The first project of China to use international syndicated loans for real estate construction, which was also the largest investment project by Nordic countries for China at that time.

Beijing Xicheng HuaYuan Construction and Development Company was established and officially entered the real estate development field as one of the city's first batch of urban construction and development companies.

HuaYuan has undertaken the task of rebuilding Xidan Commercial Street, and the "Xixi Project" with a total investment of 1 billion US dollars has begun. In the same year, four streets in Xidan district of Beijing were officially named "HuaYuan Street, North HuaYuan Street, East HuaYuan Street and West HuaYuan Street". Beijing HuaYuan Property Co., Ltd. was established after the company completed the shareholding system reform.

With the approval of the State Ministry of Foreign Trade, Beijing HuaYuan Property Co., Ltd. absorbed foreign shareholders and was reorganized into a Sino-foreign joint stock company.

Its foreign shareholders are listed on the Hong Kong Stock Exchange and have raised 100 million US dollars to invest in HuaYuan, which opened the door for enterprises of market financing from the international capital and played an important role in promoting the scale development of enterprises.

The Beijing municipal key project to celebrate the 50th anniversary of the National Day - Xidan North Square, which was undertaken by HuaYuan, was officially opened to the public on both sides. HuaYuan has made great contributions to the upgrading of the appearance of Beijing.

In the 1990s, HuaYuan undertook the task of rebuilding the old city, and provided homes for more than 60,000 families with well-known products such as "Jiangong Nanli Community, Guanyingyuan Community, South China Mansion, Huating Jiayuan, Huaqing Jiayuan and Phoenix City" as representatives.

The company transferred all its shares in HuaYuan Property Co., Ltd. to China Resources Corporation and withdrew the "HuaYuan" brand. Beijing HuaYuan New Era Real Estate Development Co., Ltd. was founded. "New HuaYuan" started afresh.

HuaYuan Property has made every effort to increase its land reserve, and actively explored other markets such as Qingdao, Xi'an, Changsha, Tianjin, Guangzhou, Chongqing, Foshan, Zhuozhou, Shijiazhuang, Renqiu and so on to enter the country. At the same time, with Miami Project in the United States as an important start, it entered overseas markets successfully, tried overseas investment actively, opened up new markets for enterprises and sought new profit growth points.

The successful backdoor listing of A shares and its entry into the capital market were achieved through the consolidation by merger of HuaYuan Property with Happy Industries. The stock code is 600743.

Since its listing, the company has improved its overall operating efficiency through continuously innovating and enriching its capital operation modes and accelerating the adjustment of its asset structure.

Based on the strategic orientation of "Developing both scale and efficiency, advancing both products and services" as its strategic direction, HuaYuan responded to the national call actively, and followed the national strategy closely; It optimized the development layout, and expanded the development scale of its main business combined with advantageous resources. At the same time, HuaYuan Property has formulated its 13th Five-Year Strategic Plan, which will help the company become an excellent comprehensive real estate operator through innovating business expansion, increasing service diversity and expanding market scale.