CHINA NEW CITY COMM.

China New City Group Limited, an investment holding company, engages in the commercial property development and investment for leasing and hotel operations in Mainland China and internationally. The company operates through four segments: Commercial Property Development, Property Rental, Hotel Operations, and Others. The company leases investment properties, including offices and shopping malls; and provides project, project management, industrial investment, film and television, education, rural cultural tourism, wholesale of agricultural products, low-altitude economy, and digital health businesses. In addition, it owns and operates hotels. The company was formerly known as China New City Commercial Development Limited and changed its name to China New City Group Limited in November 2023. China New City Group Limited was founded in 1997 and is headquartered in Hangzhou, the People's Republic of China. China New City Group Limited operates as a subsidiary of Ideal World Investments Limited.