500,000 CCCC Investment Fund Management (Beijing) Co., Ltd. (hereinafter referred to as "CCCC Fund") was established in March 2004 with a registered capital of 200 million yuan. The minimum annual salary of the general manager of this company is 500,000 yuan. China Communications Investment Fund Management (Beijing) Co., Ltd. is an industrial investment and financing platform initiated by China Communications Construction, focusing on strategic industrial investment and asset management in the field of infrastructure construction.