China Oumei Real Estate Inc., formerly Dragon Acquisition Corporation, is a real estate development company operating in the People’s Republic of China. Through its Chinese subsidiaries, the Company develops and sells residential and commercial properties, targeting middle and upper income customers in the coastal region of the Shandong peninsula (Greater Qingdao) located in northeastern China, including the cities of Qingdao, Weihai and Yantai, as well as other inland locations, including Weifang. It has completed 15 projects having a gross floor area (GFA) of 1,191,722 square meters, of which more than 91.8% has been sold. In addition, it has seven projects under construction with a total GFA of 735,274 square meters. On April 14, 2010, the Company completed the acquisition of Leewell Investment Group Limited (Leewell).