Kairuide Holding Co.,Ltd. (China)

The company is a large textile company, a major manufacturer for high-grade upholstery fabrics and fabric. Currently company’s non-woven machine has reached nearly 1,000 units of the scale of production with no volume rate of 65%, comprehensive equipment levels has reached that of international. The main products are extra-wide fabrics series, the size of jacquard cloth, elastic cloth and the filaments and yarn-dyed series. The current annual production capacities are 63 million meters fabric, 1 million meters long cloth, yarn-dyed 6.5 million meter cloth, among which the proportion of high-grade textile fabrics makes 62% of revenue contribution. The company has formed a spinning, yarn dyeing, weaving and fabric finishing one-stop production system. In September 2009 the company implemented major reorganization of assets: the company issued shares to Aijia Holdings to acquire 100% shares of Shanghai Aijia Haoting Real Estate Co., Ltd., which were held by Aijia Holdings; Aijia Holdings transferred 5270 Demian shares held by Demiant Holdings to the company. After By control of Demian Holdings and after major assets restructuring the company will engage in real estate development and management.