SITC International Holdings Company Limited is a shipping logistics company that provides integrated transportation and logistics solutions. The Company鈥檚 services and solutions can be categorized into two business segments: sea freight logistics, which provides container shipping services focused on the intra-Asia market, and land-based logistics, which includes freight forwarding, shipping agency, depot and warehousing, trucking and ship brokerage services. As of June 30, 2010, the Company operated 48 intra-Asia trade lanes. The Company鈥檚 trade lanes as of June 30, 2010, included six trade lanes, through joint services and 18 trade lanes, through container slot exchange arrangements. These trade lanes cover ports in the People鈥檚 Republic of China, Japan, Korea, Taiwan, Hong Kong, Vietnam, Thailand and the Philippines. In June 2010, SITC Logistics Co., Ltd., its subsidiary, acquired from Shandong SITC a 50% interest in Bright Logistic (Shanghai) Co., Ltd.