Zhuhai Huafa Properties Co.,Ltd (China)

On Aug. 18, 1992, Huafa Industrial Co., Ltd. Zhuhai, formerly known as Zhuhai S.E.Z. Huafa Real Estate Co., Ltd., was founded and registered at Zhuhai Industrial & Commercial Administration Bureau with 240 million shares. Among them, Huafa Group held 167.8 million or 69.92% shares, Zhuhai Investment Management Ltd. held 4. 8million or 2% shares, Zhuhai S.E.Z. Real Estate Development Headquarters held 4.8 million or 2% shares, Shenzhen Investment Fund Administration company held 0.6 million or0.25%, overflow revenue RMB 120 million accounting to additional paid-in capital. On Feb. 25,2004, the company issued 60 million additional A shares, which were listed on Shanghai Securities Exchange. The company is principally engaged in property development and operation. It develops integrated residential communities, including residences and related facilities such as shops, clubs and garages, among others. The company's property projects include SHOW OF THE WORLD, CLOUD RIVERSIDE, Bossa nova, AQUATIC VILLA, HUAFA CENTURY CITY, Huafa Ecological Manor and BOUTIQUE RESIDENCE, among others. The company operates its businesses primarily in Zhuhai and Zhongshan, Guangdong Province, Baotou, Inner Mongolia Autonomous Region and Dalian, Liaoning Province, China. As of December 31, 2010, the company had 13 subsidiaries, which involved in property development and distribution, as well as construction design and advertisement business.