Shanghai Haibo Co., Ltd is principally engaged in transportation services, commerce, travel and catering services, as well as industrial production. The Company operates its businesses through taxi operation; provision of warehousing, agent freight, transportation and delivery services; manufacture and distribution of metal products and plastics products, as well as operation of specialty stores. The Company operates its businesses primarily in Shanghai, Jiangsu province, Guangxi province, Shandong province and Zhejiang province, China. As of December 31, 2010, the Company had six subsidiaries, which involved in taxi business, automobile leasing, logistics management, road freight, investment management, warehousing services, as well as manufacture and distribution of stainless steel heat preservation products.