Shimao Property Holdings Limited (Shimao Property) is an investment holding company. Through its subsidiaries, Shimao Property is principally engaged in property development, property investment and hotel operation in the People鈥檚 Republic of China. Some of the projects completed by the Company, during the year ended December 31, 2010, included Kunshan Shimao East No. 1 New City, Suzhou Shimao Canal Scene, Ningbo Shimao World Gulf, Fuzhou Shimao Skyscrapers, Kunshan Shimao Butterfly Bay, Yantai Shimao No. 1 The Harbour, Changshu Shimao The Center, Shaoxing Shimao Dear Town, Shenyang Shimao Wulihe, Hangzhou Shimao Riviera Garden, Wuhan Shimao Splendid River, Jiaxing Shimao New City, Wuhu Shimao Riviera Garden, Changzhou Shimao Champagne Lakeside Garden, Shanghai Shimao Emme Country, Mudanjiang Shimao Beishan Project, Taizhou Shimao Riverside Garden, Mudanjiang Shimao Jiangnan Project, Wuhan Shimao Carnival Project, Tianjin Shimao Ecology City and Nanjing Shimao Bund New City.