Yunnan Baiyao Group Co., Ltd is a China-based company primarily engaged in the research, development, manufacture and operation of pharmaceuticals, as well as wholesaling and retailing of purchased pharmaceuticals. The Company provides traditional Chinese medicines, including Yunnan Baiyao series and natural herbal medicine series. The Company is also involved in the hotel operation business. As of December 31, 2010, the Company had 15 subsidiaries and four affiliates, which involved in manufacture and sale of pharmaceuticals, as well as securities broking and investment business.