<p><strong>Supplementary note on the situation related to the “Qinling Forest Hotel” project</strong></p> <p><strong>overview</strong>: total project budget investment of 120 million, 60 million already invested, 50 million yuan needed to be invested; project developer: Shaanxi Xin Runtai Industrial Co., Ltd.; project designer shop 3000 square meters, hotel rooms 260, underground bath center 800 square meters; six acres of commodity residential land, can be developed upscale dwellings 30,000 square meters, according to the current market and trend, the price per square meter conservative forecast will be around 4800 yuan per square meter; project belonging Local government focuses on enabling projects.The project is unbanked loan, due to fund chain problems, owing to material suppliers and construction teams, etc., totalling about $36 million, the project has not been taken over by any unit and department and is still held by the current developer;</p> <p><strong>cooperative mode</strong>: equity acquisition or joint development.</p> <p></p>