Xue Zhan Cheng

Hualu Holdings Co. Ltd. is a state-owned capital operation organization established by the People's Government of Shandong Province. The company has subsidiaries such as Hong Kong Hualu Group, Shandong Hualu Group, Shandong Hualu Hengsheng Group, and Shandong Xinhua Pharmaceutical. The company is based in Hong Kong, Hong Kong. The Chinese company follows the business philosophy of "integrity-based, and credibility-oriented" and relies on capital operation to increase strength and reform management to increase vitality. Hualu Holdings Co. is ultimately controlled by the Province of Shandong.

Hualu Investment Development Co. Ltd. functions as an investment holding company and is ultimately controlled by the Province of Shandong. The company is based in Hualu, China.