Golden Eagle Retail Group Limited is an investment holding company. The Company is engaged in the development and operation of stylish department store chain in the People鈥檚 Republic of China (the PRC). It operates in four segments: Southern Jiangsu Province, Northern Jiangsu Province, Western region of the PRC and Others. During the year ended December 31, 2010, it opened 19 self-owned stores and one management store. These stores spanned across four provinces namely Jiangsu Province, Anhui Province, Shaanxi Province and Yunnan Province, and covering 13 cities, including Shanghai, Nanjing, Nantong, Yangzhou, Suzhou, Xuzhou, Taizhou, Huai鈥檃n, Yancheng, Hefei, Huaibei, Xi鈥檃n and Kunming, with a total gross floor area of approximately 539,000 square meters and a total operating area of approximately 677,000 square meters and a total operating area of approximately 470,000 square meters. On July 27, 2010, the Company had acquired Anhui Golden Eagle.