Chongqing Gangjiu Co., Ltd. is principally engaged in the provision of cargo handling services and cargo/passenger transportation services, as well as the distribution of commodities. During the year ended December 31, 2008, the Company handled approximately 11.45 million metric tons of cargo and 434,797 twenty-foot equivalent units (TEUs) of containers, served approximately 292,000 passengers, as well as loaded and unloaded approximately 7.57 million metric tons of cargo. The Company operates its businesses mainly in Chongqing, China. As of December 31, 2008, the Company had five major subsidiaries and four associates.