Shenzhen Changcheng Investment Holding Co., Ltd is principally engaged in the development and management of properties, the leasing and management of properties, the operation of hotels, as well as building construction. The Company operates its business mainly in Guangdong Province, Chengdu, Sichuan Province, Dalian, Liaoning Province, as well as Shanghai, China. As of December 31, 2009, the Company had 19 major subsidiaries, mainly involved in real estate development, investment, hotel operation and management, leasing and logistics, as well as construction engineering, among others.