Chongqing Banshan No.1 Real Estate Co., Ltd.

Concord Group is a large conglomerate, with investments distributed across the United States, the United Kingdom, Hong Kong, Taiwan, Thailand, the Philippines, mainland China, and other countries and regions. Its main investment areas are: real estate, petroleum, and banking. Its subsidiary, China Real Estate Group Co., Ltd., is listed on the Hong Kong Stock Exchange, with stock code: 01838.
In mainland China, China Real Estate Group mainly invests in cities such as Shanghai, Suzhou, Kunshan, Fuzhou, Guangzhou, Wuhan, Beijing, and Chongqing. The large residential area "Shanghai Kangcheng" developed in Shanghai has a gross floor area of over 2 million square meters and, upon completion, will house approximately 65,000 residents; it is one of the largest residential communities in Shanghai. Meanwhile, the approximately 1-kilometer-long "Concord City" developed on Nanjing West Road in Shanghai involves a total investment of RMB 25 billion, with a total gross floor area of over 400,000 square meters. This project has been positioned as the world's fifth commercial street and, once completed, will become a new global landmark among commercial streets. In 2003 and 2004, China Real Estate was ranked first among the top 50 real estate developers selected by the Shanghai Municipal Government from among 3,300 real estate developers each year; in 2005, it ranked second; in 2006, it again ranked first.
China Real Estate Group entered the Beijing market in 2005, and currently its main project is the Xidan North Street project. This project fronts Xidan North Street for 750 meters, is connected underground to the subway station, has a total gross floor area of approximately 348,000 square meters, and involves a total investment of over RMB 10 billion. Once completed, this project will be a new landmark on Beijing's commercial street.
Beginning in 2008, China Real Estate Group invested heavily in purchasing land in Chongqing. At present, the Chongqing Manhattan City, Chongqing Concord City, and International Commercial Center projects have all been launched, with development area to exceed 4 million square meters.
A joint venture in which Concord Petroleum and CNOOC each hold 50% equity has also made huge investments in the petroleum industry in Beijing, Hebei, Shandong, Jiangsu, Shanghai, Zhejiang, Guangdong, and other provinces and municipalities.
Concord Group has established Concord Bank in mainland China.
Concord Group began investing in mainland China in 1980, and its total net assets exceed RMB 50 billion. Concord Group's investment and development in mainland China will further promote the prosperity of cross-strait economies and the cause of national reunification.