China HGS Real Estate (HGSH) Announces Corporate Name Change to Green Giant Inc. (GGE) to Reflect its Focus on a New Energy Business

China HGS Real Estate Inc. (NASDAQ: HGSH) ("China HGS" or the "Company"), a leading regional real estate developer headquartered in Hanzhong City, Shaanxi Province, China, today announced that it has changed its corporate name to Green Giant Inc. The corporate name change reflects its plan to pursue and focus on a new energy business.

"Our corporate name change to Green Giant Inc. more accurately reflects the Company's new business strategy and our future development plans," commented Neng Chen, Chief Executive Officer of Green Giant Inc. "We have broadened our corporate strategy with our planned business development and our new name represents a rebranding due to our evolving business identity and culture."

The corporate name change was approved by the Company's Board of Directors on January 27, 2022 and by shareholders holding a majority of the Company's issued and outstanding capital stock on February 2, 2022. On March 10, 2022, the Company filed a Certificate of Amendment (the "Certificate") with the Secretary of State for the State of Florida to amend and restate its articles of incorporation to change its name from China HGS Real Estate Inc. to Green Giant Inc., with a market effective date of March 23, 2022.

The Company’s common stock will cease trading under the ticker symbol "HGSH" and will begin trading under the ticker symbol "GGE" as of March 23, 2022. In connection with the name change, the Company's common stock will continue to trade on the Nasdaq Capital Market and will keep the same CUSIP number of 16948W 209.

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