Chigo Holding Limited is principally engaged in the design, development, manufacture and sale of air-conditioning products. The Company sells its air-conditioning products and air-conditioner parts and components both domestically in the People’s Republic of China (PRC) and to overseas markets. It sold approximately 48.6% and 51.4% of its products in the PRC market and overseas, respectively, during 2008. Chigo Holding Limited’s air-conditioning products were sold under CHIGO brand and HYUNDAI brand, whereas in the overseas markets its air-conditioning products were sold both under the CHIGO brand and on an original equipment manufacturer (OEM) basis. Other than air-conditioners, it also manufactures and sells air-curtains, water coolers, dehumidifiers and wine refrigerators. It also sources and resells small household electrical appliances, and licenses its CHIGO brand name to OEM manufacturers who sell these products.