Jiangsu Eastern Shenghong Co.,Ltd. (China)

Jiangsu Eastern Shenghong Co., Ltd. is a publicly listed company located in Suzhou, China. The company specializes in real estate development, commercial property leasing, thermal power, oil, and natural gas. Situated in the town of Shengze, known as the "Home of Silk," the company's main product is high-quality silk fabric, with an annual production capacity of 25 million meters, accounting for 48% of Jiangsu Province's total silk production and 20% of the national market. Additionally, the company holds a significant market share of 40% in the high-end computer-embroidered fabric market. Its main products, silk fabric and spinning products, maintain a high market share domestically, with exports accounting for one-sixth of the country's total exports. The company also operates the Shengze Thermal Power Plant and the Eastern Silk Market, forming a development model with the textile industry as the core and thermal power and urbanization services as the two wings. In September 2007, the company successfully transformed from a traditional textile production enterprise to a developer, operator, and service provider in the Chinese Eastern Silk Market, as well as a comprehensive development provider for the local textile industry, through an asset swap with its controlling shareholder, Silk Group.