Meidu Holding Co., Ltd. is principally engaged in the development of residential and commercial properties as well as the trading business. The Company operates its trading business through steel materials and petroleum distribution. The Company mainly operates its business in Shanghai, Anhui province, Zhejiang province and Hainan province, China. As of December 31, 2010, the Company had 21 major subsidiaries and four major associates, engaged in real estate development, hotel operation, trading, industrial investment, venture investment, guarantee business and banking business, among others.