ShangHai ShiMao Co., Ltd is principally engaged in the development and distribution of real estate. The Company's main projects include Fuzhou Shimao Bund Garden, Nanjing Shimao Riviera New City, Kunshan Shimao Commercial Plaza and Shanghai Shimao Lakeside Garden. The Company operates its business mainly in Shanghai, Fuzhou, Fujian Province and Nanjing, Jiangsu Province. As of December 31, 2008, the Company had five major subsidiaries, engaged in the development of real estate, as well as the distribution of construction, decoration and upholsters materials.