Draft:Ming Yuan Cloud

Mingyuan Cloud Group Holdings Co., Ltd., referred to as Mingyuan Cloud Group Holdings, Mingyuan Cloud Group, and Mingyuan Cloud is a Chinese cloud provider.（）

Company Profile
Ming Yuan Cloud Group Holdings Ltd is an investment holding company principally engaged in the provision of cloud services, on-premise software and services for property developers, operators and other industry participants along the real estate value chain. The Company's cloud services consist of four product lines, namely customer relationship management SaaS, construction management SaaS, property management & operation SaaS and skyline PaaS platform. The Company's on-premise software and services mainly provide residential developers with real estate products covering sales, cost, procurement, planning, expenses and budgeting, the Company also provides related implementation services, product support services and value-added services.

History
In 2003, Chairman and CEO Gao Yu, Executive Directors Chen Xiaohui and Jiang Haiyang established "Shenzhen Mingyuan Development Software Technology Co., Ltd." in its headquarters in Shenzhen to operate digital services for the real estate ecological chain in mainland China and around the world.

The company shares were listed on the main board of the Hong Kong Stock Exchange on September 25, 2020. The global offering price was HK$16.5, with 374 million shares on offer, raising a total of HK$6.17 billion, which will be used to further upgrade and enhance the functions and features of existing SaaS products. Aiming to cope with more diverse business scenarios and continuously improve the user experience of SaaS products; strengthen the research and development of cutting-edge technologies (such as AIoT, data analysis and virtual reality); further upgrade and enhance the functions and features of cloud ERP solutions; improve sales and marketing capabilities and enhance our brand reputation among participants in the Chinese real estate market; selectively pursue strategic investments and acquisitions; working capital and general corporate purposes, in addition to Mingyuan Cloud introducing cornerstone investors, including Hillhouse Capital (86 million USD), GIC (USD 50 million), China Structural Reform Fund (USD 50 million), Sequoia Capital (USD 30 million), Blackrock (USD 30 million) and Fidelity International (USD 30 million), A total of US$276 million.