State-owned enterprises Poly Real Estate is a subsidiary of Poly Group, which is a large state-owned enterprise directly supervised by the State Council SASAC. Therefore, state-owned capital has the ultimate control over Poly Property and is a state-owned enterprise. Poly Property Service Co., Ltd. (formerly known as Poly Property Development Co., Ltd.), established in 1996, is located in Guangzhou, Guangdong Province, and is an enterprise mainly engaged in the real estate industry. Its business scope is: property management; Hotel management; Conference and exhibition services; Real estate intermediary services; Site lease (excluding storage); Family service; Building cleaning service; Landscaping engineering services; Building construction; Furniture retail; Interior decoration and decoration; Municipal public works construction, etc.