Ming Hing Waterworks (“The Company") is the first Company that integrates waterworks, technology, engineering and investment management into an efficient and diversified waterworks holding group. The Company was founded in 1967 and listed on the Main Board of the Stock Exchange of Hong Kong Limited in 2006. Ming Hing Waterworks is principally engaged in the provision of maintenance and construction works on civil engineering contracts including waterworks engineering, road works and drainage and slope upgrading services in Hong Kong. Having the brilliant track records, Ming Hing Waterworks has established its position as a major waterworks engineering services provider in Hong Kong and is currently accountable for maintaining the water supply system for over 55% of the Hong Kong population. In August 2007, the Company acquired the assets of Hunan Province Ningxiang County Water Supply Company, which serves the population over 210,000. On 2 January 2008, the Trade and Industry Department of HKSAR issued to Ming Hing Waterworks Engineering Company Limited (“MHWED”) the Certificate of Hong Kong Service Supplier. With the Certificate, MHWED will be able to bid the civil construction projects and apply its advanced technology, profound experience and expertise in the PRC market.