Citychamp Dartongadvanced Materials Co.,Ltd. (China)

Citychamp Dartong Co., Ltd. was reorganized as a joint stock limited company in 1986, on the basis of Fuzhou Water Meter Plant, which was set up in 1978. With the approval of China Securities Regulatory Commission, the company's A shares were listed on Shanghai Stock Exchange on May 8, 1997. The company is engaged in property development and sale, as well as manufacture and sale of enameled wires. In its real estate development business, its estate properties include Beijing-located Sun Star City and Midtown, Guilin-located Qingxiu Garden, as well as Fuzhou-located Citychamp Drum Tower Yard. During the year ended December 31, 2010, the company produced a total of 64,600 tons of enameled wires, and sold 66,200 tons of enameled wires. It distributes its products within domestic market and to overseas markets. On June 30, 2010, the company acquired 100% interests in Bazhou Gangyi Investment Development Co., Ltd. On December 14, 2010, it sold its 51% interests in Hengyang Huafeng Real Estate Development Co., Ltd.