Shanghai Chengtou Holding Co., Ltd. is principally engaged in property development and distribution, supply of raw water and tap water, as well as sewage treatment services. The Company also involves in environment protection business, distribution of oil products and pipe-laying engineering. The Company operates its businesses through development and distribution of commodity housings, supply of tap water, sewage treatment, transfer and transportation of domestic wastes, landfill and incineration of domestic wastes, as well as equity investment, among others. The Company operates its businesses primarily in Shanghai, Jiangsu province and Zhejiang province, China. As of December 31, 2010, the Company had eight subsidiaries/affiliates, which involved in environment management, real estate development, tap water supply and distribution, capital investment, investment management, banking services and financial investment.