Shanghai Industrial Urban Development Group Limited (“SIUD” or the “Company”, together with its subsidiaries the “Group”) currently has 19 real estate projects in 10 major cities in China, namely Shanghai, Kunshan, Wuxi, Beijing, Shenyang, Tianjin, Xi’an, Chongqing, Changsha and Shenzhen. Most of the projects are mid- to high-end residential projects which are under construction at full steam, presenting the Group with an approximately 3.77 million-square meter saleable land bank and excellent foundation for long term development.