On the morning of September 26, Ms. Cheng Yuehui, President of Xindo Group, together with Mu Zhanjun from the Group's Strategic Engineering Department, attended a strategic cooperation meeting with Greentown Real Estate Group at the headquarters of Greentown Group in Hangzhou. This meeting is highly valued by Xindo Group, and the president Ms. Cheng Yuehui also met with strategic partners for the first time, which marks the establishment of a solid strategic partnership between Xindo and Greentown, and lays a good foundation for the sustainable, healthy and rapid development of the national strategic layout, which also indicates that the two sides will have more than 100,000 units of cooperation in the next two years.
In this meeting, the senior leaders of Xindo Group and Greentown Group delivered speeches on future cooperation, and both presidents expressed their good wishes to establish long-term cooperation. New strategic partnership has been established between Xindo Group and Greentown Group. The two sides will start deep-level communication and cooperation in their respective industrial fields to promote the sustainable, healthy, rapid and development of national strategic layout.
Cheng Yuehui, president of Xindo Group, said that China's real estate market has entered a new stage of development with the balance of supply and demand as the main feature, and the development of door industry enterprises needs new thinking and new mode. The strategic cooperation between Xinduo and Greentown is a brand new attempt. For Xinduo, through the cooperation with Greentown, Xinduo can focus on accelerating the implementation of light asset strategy. At the same time, the cooperation between the two sides is also a contribution to the industry and society, which can make more effective use of social resources, reduce waste and play a model role in the development of the industry.
Wang Ke, president of Greentown Group, said that traditional business still has a wide space for development and will sprout many new opportunities, which provides a good opportunity for cooperation between excellent companies. The cooperation with Xindo will help give full play to Greentown's professional advantages in the residential sector and gain more customers and development opportunities; it will also help enhance its own commercial real estate capabilities and promote the company's better transformation into an urban support service provider.
Ltd. is one of the well-known real estate enterprises in China, focusing on developing a series of urban quality housing products, with national-level development qualification, and headquartered in Hangzhou, Zhejiang Province. Founded in 1995 and converted to a wholly foreign-owned enterprise in 2005, Greentown is a wholly-owned subsidiary of Greentown China Holdings Limited, a Hong Kong-listed company. Greentown has been ranked among the Top 10 Chinese real estate companies in terms of brand value for five consecutive years, among the Top 10 Chinese real estate companies in terms of comprehensive strength for four consecutive years, and topped the list of Top 50 real estate companies in Zhejiang Province for two consecutive years.
The future strategic cooperation between the two sides will give full play to their respective advantages and achieve mutual benefit and win-win situation. Both Xindo and Greentown are nationally renowned brands, and the cooperation will enhance the ability of both companies to acquire projects; they can give full play to their respective professional advantages to improve the overall standard of projects and create greater value.