Shanghai Friendship Group Incorporated Company is principally engaged in commodities retailing business. The Company operates regular chain supermarkets, regular chain construction material supermarkets and regular chain department stores, which deal with commodities such as fresh products, daily use products, fruit, apparels, food, communication products, kitchenware and cosmetics, among others. The Company also involves in housing leasing business. The Company operates its businesses primarily in domestic market. As of December 31, 2010, the Company had five subsidiaries, which involved in operation of regular chain supermarkets and regular chain construction material supermarkets, retailing of general merchandise, as well as development and leasing of property.