Yanlord is a leading developer of high-end residential properties in the PRC. Starting our presence in key cities such as affluent Shanghai and Nanjing, we have built a brand name for "Yanlord" in the course of over 10 years. Leveraging on our experience and track record in Shanghai and Nanjing, we have expanded into other strategically selected high-growth cities, namely, Chengdu, Tianjin, Zhuhai, Suzhou and Guiyang.

Apart from growing our land bank at opportune times, we have recently commenced the development of high-grade commercial and integrated properties, such as office buildings, retail/shopping malls and service apartments as another integral segment of our growth strategy. Barring unforeseen circumstances, following the completion of these properties, we are confident that the contribution from this segment will grow and contribute positively to the future operating performance of Yanlord. More importantly, we believe that our commercial and integrated properties, as with our residential properties, will contribute to the overall development and the overall vitality of the cities that we have presence in.

Yanlord is more than just a business enterprise; it is a unified team with collective goals. Working as a team, our philosophy is to value long term viability over short term gains, and to build properties which are lasting legacies to the cities which we have presence in. The last 10 years for Yanlord is just the beginning of our continual pursuit for excellence.

With the continued growth of the Chinese economy, rapid urbanization process and the upcoming 2008 Olympic Games, the PRC real estate market is expected to remain vibrant which would generate significant opportunities for Yanlord.

As we continue to expand our business in this exciting arena, we will seek to consistently upgrade our corporate knowledge base, and bring Yanlord to its next level of development. Building on our established brand name and motivation to strive for business excellence, Yanlord stands poised to reach greater heights in the future.