Shanghai Shimao Co.,Ltd (China)

Shanghai Shimao Co., Ltd. is a commercial real estate company located in Shanghai. The company underwent asset restructuring and shifted its main business from commercial department stores to a publicly listed company with 8 million square meters of land reserves. The company's real estate business has expanded from Shanghai to include Nanjing, Fuzhou, and Kunshan. The projects in Nanjing, Fuzhou, and Kunshan are expected to be the main sources of income for the company in the coming years. In June 2007, the company conducted a targeted issuance and increased its holdings in Shimao Real Estate subsidiary or holding companies. The injected commercial real estate projects include approximately 12 projects in provinces and cities such as Shanghai (Sheshan), Jiangsu, Zhejiang, Liaoning, Anhui, and Beijing, covering first and second-tier cities nationwide. In early 2010, the company established Shimao International Cinema with the goal of entering the top 5 in national box office rankings within 3 years. The company plans to further integrate advantageous resources and expand into the commercial retail sector in the future.