Since the change of share ownership and management team in the end of 2004, the Company renewed its development direction and strategy, and finished re-organization of its operation, including selling former business without prospect, and changing the emphases to the development of domestic high-quality realty projects, esp. in Guangzhou.

The fast and sustainable development of China’s economy brings huge business opportunities to realty market. And the market’s demand on high-quality realty projects is increasing. Since Guangzhou is the economic center of Pan Pearl River Delta, its rapid increase, shortage of high-quality realty and market’s increasing demand on high-quality realty predetermined the Company’s optimistic developing potential in Guangzhou area. The Company plans to reserve high-quality land in Guangzhou in the following years for developing top-grade realty market.

The first project is a top-grade business building, located in Tian He Bei CBD of Guangzhou. That district is of high-quality and developing potential, and is supposed to become one of Guangzhou’s landmarks. In the long run, the Company expected to find more other high-quality realty development projects by using this project as a leading card and becomes stronger and stronger.

The new management team of the Company has substantial experience in realty circle and is familiar with the development of China’s realty market. With these excellent performance in the past and their operation principle, the management team will adopt cautious and quality-oriented land reservation strategy and develop top-grade market by absorbing high-quality lands, at the same time, the Company will build excellent brand image through strict quality supervision and control.

The Company greatly appreciates the unremitting efforts and contribution from all staff and long-term attention and support from its shareholders, business partners and the society.