KWG Property Holding Limited (KWG Property) is a property developers in Guangzhou. The Company has build up a property development system, including mid- to high-end residential properties, villas, town houses, serviced apartments, five-star hotels and shopping malls. The Company operates in four segments: property development, which is engaged in the sale of properties; property investment, which is engaged in the leasing of properties; hotel operation, which is engaged in the operation of hotel, and property management, which is engaged in the provision of property management services. As at 31 December 2010, the Group had a land bank with a total gross floor area (GFA) of approximately 8.40 million square meters, covering 25 projects in 7 cities/regions. During the year ended December 31, 2010, it acquired seven prime sites in Shanghai, Tianjin, Chengdu and Guangzhou GFA of approximately 2.10 million square meters. In March 2010, it acquired a 20% interest in the Foshan Project.