Grandway Advised Shanghai Jinhe Investment on Acquisition of No. 17 Qianliang Hutong in Beijing

A subsidiary of Shanghai Jinhe Investment Group Co., Ltd. successfully completed the acquisition of No. 17 Qianliang Hutong Project in Dongcheng District, Beijing (“the Project”), which is the fifth project of Shanghai Jinhe Investment Group Co., Ltd. in Beijing. The project is located at the northern end of Wangfujing Street in the core area of Beijing, bordering the Second Ring Road to the east, the Forbidden City and Beihai Park to the west and Wangfujing Commercial Street to the south, with abundant tourism resources in the surrounding area and a strong commercial atmosphere. The project will be repositioned and renovated by Shanghai Jinhe to introduce an assembled business form of commercial, residential and office enterprises, relying on the surrounding rich tourists and popular commercial resources.