The Zhonghai Zhonghuan Joint Venture successfully delisted the "Hongqi Village Project" A11A-01, A06-04, A07A-04, and F04-05 plots at a total price of 9.3936 billion yuan, including 2 commercial residential land, 1 residential land, and 1 commercial land, with a total construction area of nearly 230000 square meters. It is one of the larger scale complexes sold in the core area of Shanghai.

Zhenda Group, as the supplier of Bus duct products for the project, started in 1999 and is a modern enterprise focusing on the design, research and development, production, sales and service of Bus duct and bridge products.