AVIC Real Estate Holding Co Ltd, formerly SHENZHEN CATIC REAL ESTATE CO.,LTD., is principally engaged in the development and sale of real estate, the management of properties, as well as the operation and management of hotels. The Company mainly operates its business within domestic markets, and operates its hotels in Guangdong, Beijing, Shanghai and Shanxi, China. As of December 31, 2009, the Company had 15 major subsidiaries, primarily involved in real estate development, investment development, construction management, restaurants, laundry, hotel management and property management, among others.