No, although 90% equity of Huida Asset Custody belongs to China Cinda (0 1359. HK) and Zhongrun Economic Development Co., Ltd. (a wholly-owned subsidiary of China Cinda) 10%. Although all the shares of Huida Asset Custody are directly and indirectly held by China Xinda as nominal shareholders, Huida Asset Custody and Fangcheng Huida are enterprises managed by the People's Bank of China, and all their economic interests and voting rights are held and controlled by the People's Bank of China. Huida Asset Custody or Fangcheng Huida is not regarded as a subsidiary of China Cinda.