AVIC International Holding (HK) Limited is an investment holding company. During the year ended December 31, 2010, principal activities of the Company鈥檚 subsidiaries consisted of the supply of electric and steam power, and the aero-technology related business. It operates in two segments. The electric and steam power supply segment is engaged in the generation and sale of electric and steam power. The Project EC120 segment is engaged in the share of profit from the development, manufacture and distribution of helicopters. Zhejiang Sealand Thermoelectric Share-Holding Co. (Zhejiang Sealand), which is a non-wholly owned subsidiary of the Company, is principally engaged in the supply of electric and steam power in the Linping industrial region of Hangzhou in China. During 2010, the Company sold a total of 24 EC120 helicopters. On December 23, 2010, the Company disposed of part a of its investment in a jointly controlled entity.