Shanghai Waigaoqiao Free Trade Zone Development Co., Ltd is principally engaged in import and export trading. The Company also involves in property distribution and leasing, logistics services, service industry, industrial production, catering and accommodation services, as well as commodities distribution business. The Company involves in operation of trading platforms of clocks and watches, wine, machine tools and medical equipment, among others, operation and development of commercial property projects and industrial parks, as well as industrial property distribution and leasing services. During the year ended December 31, 2009, the Company obtained approximately 55.9% and 18.5% of its total revenue from import and export trading, as well as property distribution, respectively.