Shanghai Forte Land Co., Ltd. (Forte) is engaged in the property development and property investment, as well as the development and operation of ancillary property related services. Its Shanghai, Beijing, Tianjin, Hubei, Chongqing, Zhejiang, Sichuan, Jiangsu, Jilin, Shaanxi and Shanxi segments are principally engaged in development, as well as sales and rental of residential and commercial properties. The others segment consists of principally the Company’s ancillary services relating to the real estate industry, which provides property agency, property management, property consulting and advertising services. On May 31, 2010, the Company acquired 100% interest in Garden Plaza SRL (SRL). During the year ended December 31, 2010, the Company acquired City Faith Properties Limited (City Faith). On May 18, 2010, the Company disposed of its 75% interest in Tianjin Forte Puhe Development Co., Ltd.