Huaxin (Hainan) Investment Co., Ltd., a wholly foreign-owned subsidiary of Huaxin Cement Co., Ltd., was registered in the Meilan District of Haikou City in December 2020. With a registered capital of USD 375 million, it primarily leverages the advantageous policies of Hainan Free Trade Port that exempt enterprise income tax on the income from new overseas direct investments by enterprises in encouraged industries to conduct domestic and overseas investment, merger and acquisition businesses. Huaxin Cement is ranked 373rd in the 2022 Fortune China 500 and is listed on both the mainland and Hong Kong stock exchanges, with a total market capitalization of approximately RMB 34.111 billion.