New World Department Store China Limited is a Hong Kong-based investment holding company. The Company is engaged in department store operation in the People鈥檚 Republic of China. The Company is 72%-owned subsidiary of New World Development Company Limited. During the fiscal year ended June 30, 2010 (fiscal 2010), the Company operated 35 department stores, with a total gross floor area (GFA) of about 1,174,530 square metres and a total operating floor area (OFA) of about 904,900 square metres. Located in five operational regions: Northeastern China, Northern China, Eastern China, Central China and Southwestern China, the stores covered 17 major cities in the People鈥檚 Republic of China, which included Wuhan, Shenyang, Wuxi, Harbin, Tianjin, Ningbo, Beijing, Shanghai, Dalian, Kunming, Lanzhou, Changsha, Chongqing, Chengdu, Anshan, Nanjing and Taizhou. Its business network comprised 25 self-owned stores and 10 managed stores.