China w88 online casino betting Holding Group Co., Ltd. (hereinafter referred to as w88 online casino betting Group) was approved by the State Council and the Central Military Commission in 1980, and was transferred to the Central Enterprise Working Committee by the General Equipment Department of the People's Liberation Army in 1999. In 2003, it became a central enterprise in which the State-owned Assets Supervision and Administration Commission of the State Council performs its investor duties. In March 2010, with the approval of the State Council,China Energy Saving Investment Companyandw88 online casino betting GroupJointly reorganized into China Energy Conservation and Environmental Protection Group. After the reorganization, New Times Group became a secondary subsidiary of China Energy Conservation and Environmental Protection Group. w88 online casino betting Group has a number of wholly-owned, controlling and participating enterprises at home and abroad, and implements a parent-subsidiary management system, with its headquarters in Beijing.

Since the establishment of the w88 online casino betting Group, it has supported the development of nearly 1,000 enterprises and institutions in the form of investment and entrusted loans, achieved good social and economic benefits, and made important contributions to the national economic construction. After entering the new century, the w88 online casino betting Group has carried forward the past, kept pace with the times, pioneered and innovated, focused on development, and tried every means to create benefits. After entrepreneurship and leapfrog development, its operating performance has doubled year by year, and its comprehensive strength has been increasing. The main financial indicators have always been at the excellent level of the industry. They have been awarded the B-level annual performance appraisal of the State-owned Assets Supervision and Administration Commission for 6 consecutive years, and were listed as one of the 23 outstanding central enterprises in the 2008 financial performance evaluation of the State-owned Assets Supervision and Administration Commission. Since the restructuring, the average growth rate of New Times Group's operating income, total profit, net profit attributable to shareholders and economic added value has exceeded 25%.

At present, w88 online casino betting Group has formed a business structure such as big health business, international business, and commercial property business, and is actively developing resource recycling business. In order to achieve healthy, rapid and sustainable development, the w88 online casino betting Group focuses on the main business of China Energy Conservation and Environmental Protection Group Company, focusing on adjusting its operating structure, accelerating the transformation of development mode, actively developing strategic emerging industries, and striving to build an industrial investment group with high value creation capabilities and providing green, health, energy-saving and environmental protection comprehensive services.