Shanghai Hainiao Enterprise Development Co., Ltd is principally engaged in property development and distribution. The Company primarily involves in development and operation of one project in Yangpu district, Shanghai. It operates its businesses primarily in Shanghai, China. On March 11 and November 18, 2009, the Company conducted twice structure reorganization, respectively. As of December 31, 2009, the Company had four subsidiaries, which involved in property development, industrial investment, as well as construction of water plant and sewage plant related facilities.