China Boon Holdings Ltd, formerly Vision Tech International Holdings Limited, is an investment holding company. During the fiscal year ended March 31, 2010, the Company operated through three business segments: trading of consumer electronic appliances, trading of scrap metal and trading of leather. The Company has decided to focus its attention on becoming a cemetery developer and operator in the People鈥檚 Republic of China. On February 27, 2010, the Company鈥檚 wholly owned subsidiary, Sino Peace Enterprise Management & Services (Shanghai) Limited, entered into a memorandum of understanding with China Zhongfu Enterprise Corporation Limited (Zhongfu), a company established to develop funeral services in the People鈥檚 Republic of China. The Company and Zhongfu will explore the opportunity to develop and expand the management services and sales network under the brand name Fu Shou Yuan. Its subsidiaries include Kingston Recycling Limited, Krongate Limited and Grand Elegant Limited.