Founded in October 2010, Yantai Fukun Properties Limited is a wholly owned subsidiary of the Group Company with a registered capital of 51.85 million yuan. We are mainly engaged in real estate development, sales and property management. The Yat-sen Huating commercial and residential area, whose preliminary planning has been currently completed, covers a total floor area of about 160,000 square meters, including commercial, residential, hotels and other projects. And the overall project is to be officially started in June 2012.