Boyuan Construction Group, Inc. Announces Impairment Charges for the Second Quarter Ended December 31, 2019

Boyuan Construction Group, Inc. is in the business of residential and commercial building construction, municipal infrastructure and engineering projects. The Company operates as a general contractor across China. It has projects in residential, commercial, industrial and hotels, which are located in the Yangtze River Delta, Shandong Province, and Hainan Island. It has completed approximately 40 major projects. Its projects include BanshanbandaoA34 Project, JinTianDi Tower, Fuyue Grand Hotel, Bo'ao Asian Bay Hotel-style Apartment, Blue Star International Tower, North Sea Pearl Community, Xingzhou East Lake Garden, The 1st Phase of Xiangtan Oriental Garden, Hongsha Peninsula Blue Bay Living Community, Yuehai Guanshan High-end Spa Resort, Ganzhou ShuiYinDanDi Garden and Pinghu Donghu Lvzhou Apartment. It operates in Zhejiang, Hainan, Shandong, Jiangsu, Jiangxi, Hunan, Shanghai and Tianjin markets. Zhejiang Jianyou Trading Co., Ltd. is the subsidiary of the Company.