China Overseas Land & Investment Limited

China Overseas Land & Investment Limited (hereinafter referred to as China Overseas or the Company) was incorporated in Hong Kong in 1979. It is a controlling subsidiary in Hong Kong of China State Construction Engineering Corporation, China's largest construction conglomerate. In August 1992, the Company was listed on The Stock Exchange of Hong Kong, pioneering the direct listing of a Chinese enterprise using its local Hong Kong business assets. Since its establishment, with an enterprising spirit and scientific and rigorous management, the Company has been committed to professional and large-scale development. Its core business is real estate development and sales. It has successfully invested in and developed numerous best-selling premium properties in 16 cities and regions, including Beijing, Shanghai, Guangzhou, Shenzhen, Chengdu, Changchun, Nanjing, Xi'an, Zhongshan, Foshan, Suzhou, Ningbo, Chongqing, Hangzhou, Hong Kong, and Macau. In addition, the Company is also involved in property investment, property management, and architectural design related to real estate, as well as infrastructure business mainly focused on the management and development of roads and bridges.

In 2006, the Company received numerous honors, including being selected by Standard & Poor's as a constituent of the "Global 40 Largest Listed Real Estate Companies Index"; being recognized by the China Real Estate TOP10 Research Group for three consecutive years as "No. 1 in Comprehensive Strength among China's Top 100 Real Estate Enterprises," with the China Overseas Property brand value reaching RMB 4.8 billion; being named by the All-China Federation of Industry and Commerce and the China Enterprise Confederation as one of "China's 25 Model Brand Enterprises"; and being selected by BusinessWeek as the "Best Chinese Brand of 2006." As of December 31, 2006, the Company achieved a turnover of HK$10.9 billion and attributable profit to shareholders of HK$2.37 billion. By the end of 2006, China Overseas had a land bank of over 15 million square meters in 16 cities or regions in the Mainland, Hong Kong, and Macau, sufficient to meet development needs for maintaining profit growth of over 20% annually for the next four to five years. The Company will continue to leverage its excellent management model, extensive professional talent, good quality, and high-quality services to better serve society and provide shareholders with the best returns.