HUBEI GOLDEN RING CO., LTD. is a China-based company engaged in manufacture and sale of chemical fiber products, as well as property development and distribution. The Company operates its businesses through chemical fiber business, which provides viscose fiber series products, as well as property business, which involves in development and distribution of residential communities in Xiangfan, Hubei province, China. During the year ended December 31, 2009, chemical fiber and property businesses accounted for approximately 91.06% and 8.94% respectively of the Company鈥檚 total revenue. It operates its businesses principally in Hubei province, China. As of December 31, 2009, the Company had one major subsidiary, which involved in property development and distribution.

HUBEI GOLDEN RING CO., LTD. is a China-based company engaged in manufacture and sale of chemical fiber products, as well as property development and distribution. The Company operates its businesses through chemical fiber business, which provides viscose fiber series products, as well as property business, which involves in development and distribution of residential communities in Xiangfan, Hubei province, China. During the year ended December 31, 2009, chemical fiber and property businesses accounted for approximately 91.06% and 8.94% respectively of the Company’s total revenue. It operates its businesses principally in Hubei province, China. As of December 31, 2009, the Company had one major subsidiary, which involved in property development and distribution.