Shanghai Baopusheng Real Estate Co., Ltd. has recently been established with Mr. Zhou Hong serving as its legal representative and a registered capital of RMB 150 million. The company's primary focus is on real estate development, management, and construction engineering. It is a wholly-owned subsidiary of MCC Baosteel Technology Service Co., Ltd., which itself is part of the Metallurgical Corporation of China Ltd. The new entity is registered in Hangtou Town, Pudong New Area, Shanghai.