NANHAI DEVELOPMENT CO., LTD. is principally engaged in tap water production and supply, sewage treatment and garbage burning electricity generation businesses. During the year ended December 31, 2010, the Company provided 353.80 million cubic meters of tap water, treated 82.22 million tons of sewage, processed 95,127 tons of life garbage, and offered 25.22 million degrees of on-grid electric power. The Company operates its businesses primarily in Nanhai district, Foshan, Guangdong province, China. As of December 31, 2010, the Company had one wholly owned subsidiary.