Guangzhou Grandbuy Co., Ltd. is a China-based company principally engaged in commodities retailing business. The Company operates department stores, which deal with general merchandise, household electrical appliances, apparels, shoes, hats and food products, among others. The Company also involves in provision of leasing services. It operates its businesses primarily in Guangzhou and other cities, Guangdong province, China. As of December 31, 2009, the Company had 19 subsidiaries and four affiliates, which involved in commodities retailing, property management, business places releasing, as well as import and export trading.