Shanghai Xinmei Real Estate Co., Ltd. is principally engaged in the development and sale of real estates. The Company鈥檚 main products consist of high-rise apartments, which are constructed in Jiangyin city in Jiangsu province and Shanghai city. The Company is also engaged in the leasing of real estates. The Company operates its business mainly in Shanghai city and Jiangsu province in China. On July 13, 2010, the Company completed the purchase of 100% of the ownership interest of Jiangyin Xinmei Real Estate Development Co., Ltd.