Coastal Greenland group ("the Group") was founded in Hong Kong in 1990. The shares of the holding company Coastal Greenland Limited were listed on the Hong Kong Stock Exchange in October, 1997. The Group has been engaging in the property development business in China over the past 15 years since its establishment and has possessed good cross-area operating capability which is well backed up by, amongst other things, well established knowledge management and workflow management systems. The Group has a net asset value of over HKD1,300 million. Currently, the Group has more than 20 wholly-owned, joint-venture and co-operative companies in China with approximately 2000 employees. The Group's business strategy is to provide accommodation with healthy life style to property buyers at an affordable price and to focus its development in the major cities of the six major economic areas in China, namely the Greater Northeast Region, the Changjiang Delta Region, the Pearl River Delta Region, the Gulf of Huanbuhai Region, the Central Region and the Greater West Region. Over the last few years, the performance of the Group has been very encouraging that profits are growing significantly from year to year. With the outstanding performance that it has achieved, the Group has been ranked as one of the top 10 most valuable corporate brand names amongst the real estate companies in China in 2004 and 2005.