Huafa Industrial Co., Ltd. Zhuhai is principally engaged in property development and operation. The Company 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.