Company : Tianjin Local Railway Administration

Business Summary: Part of the stockholder's equity to be sold

Total Investment: 21.69 million USD

Business Form: Cooperation Joint Venture

Contribution Proportion: Overseas investors own 49% shares

Investment Recovery Time: 10 years

Contact Person: Zhou Shunai

Telephone Number: 23380125

Fax: 23380132

Brief Introduction of Chinese Partner:

The hotel occupies an area of 14,940 square meters with a constructional area of 27,817 square meters and a business area of 24,960 square meters. The fixed capital is RMB 180 million yuan. It consists of one twenty-six-storey building and other side buildings.