Asia Standard Hotel Group Limited is an investment holding company. The Company together with its subsidiaries are principally engaged in hotel, catering services, travel agency operations and securities investment. The activities of the Company are mainly based in Hong Kong, Canada and Mainland China. The Company operates in four segments: hotel operation in Hong Kong and Canada; catering services is engaged in restaurant operation in Hong Kong and Mainland China; travel agency is engaged in the sale of air tickets and hotel reservation service in Hong Kong, and investments is engaged in investment in financial instruments. Its subsidiaries include Asia Standard Hotel (Holdings) Limited, Grace Profit Enterprises Limited, JBC Travel Company Limited, Perfect Wave Limited and Stone Pole Limited. Projects that had been completed during the year ended March 31, 2011, included the renovation at its Empire Hotel Hong Kong, where the entire lobby, exterior facade and entrance were upgraded.