The Company has over 20 years of real estate development and property management experience. "President Building" as one of the major projects developed by the Company, has maintained a good rental ratio since 2002, and made a significant contribution to the development of the Company.

The President Building is located in the downtown area of Shenyang, the capital city of Liaoning Province, and is adjacent to governmental agencies, offices and banks. The building covers a site area of 8,126 square meters with a gross floor area of 77,000 square meters. It is a modern office building constructed in accordance with international standards. As of June 30, 2016, the net assets of the Company were $28.5 million, or $2.03 per share, and the net asset value of President Building was estimated to be $29.46 million on a non-GAAP basis. (This estimation is calculated based on the US GAAP historical cost principle, the company's financial statements does not reflect the asset market value of the actual value added to the President Building.) Appraised by land and housing assessing agencies of authority, the market value of the President Building is estimated to be $109.5 million, representing an approximately $80 million increase in the net book assets, with net assets projected to be approximately $7.79 per share. As a valuable asset for the Company, the President Building can provide strong support for the overall future development of the Company.