Liang Pan

CRRC Group Co., Ltd. engages in the management of state-owned assets and equity, capital, investment, assets, and asset trust. It involves in the research and development, sale, and lease of transportation and urban infrastructure, new energy, energy-saving, and environmental protection equipment. It designs, manufactures, and repairs railway locomotives, urban rail transit vehicles, railway cranes, electronic equipment, and electrical equipment and components. The company was founded on July 1, 2002 and is headquartered in Beijing, China.

Aviation Industry Corporation of China, Ltd. engages in the defense, transport aircrafts, helicopters, avionics and systems, general aviation, research and development, flight testing, trade and logistics, assets management, finance services, engineering and construction and automobiles business. It also provides aircraft leasing, general aviation, transportation, medical, planning and construction services. The company was founded on November 6, 2008 and is headquartered in Beijing, China.

China State Shipbuilding Corp. engages in the manufacture of ships and shipboard equipment. Its major products include offshore facilities, steel structures, civil ships, military ships, and shipboard equipment. The company was founded on June 29, 1999 and is headquartered in Beijing, China.