Tianjin Hi-Tech Development Co.

Tianjin Hi-Tech Development Co., Ltd is principally engaged in the construction and operation of incubators for high and new technology enterprises and the provision of innovation incubating services. The company is also involved in the development and investment management of high and new technology industry. The company mainly provides commodity trading services, leasing services, technology and integration services, as well as incubating services. As of December 31, 2008, the Company had five major subsidiaries and two associates. (Source: ARS)