The Company is a limited liability company incorporated under the laws of the Cayman Islands. Its shares have been listed on the Stock Exchange of Hong Kong Limited (stock code: 1036.HK) since November 1996. In May 2012, Million Real Estate (Hong Kong) Limited (“Vanke Real Estate (Hong Kong)”) signed an agreement to acquire a controlling interest in the Company. The acquisition was completed in July 2012. Since then, the Company has become a subsidiary of Vanke Enterprise Co., Ltd. (“Vanke”) with 75% of the shares. Vanke is a limited company incorporated in the People's Republic of China. Its H shares and A shares are listed on the Hong Kong Stock Exchange (stock code: 2202.HK) and the Shenzhen Stock Exchange (stock code: 000002.SE), respectively. Vanke Real Estate (Hong Kong) is a wholly owned subsidiary of Vanke. In December 2012, the Company held a special shareholders' meeting to vote on changing the company name from Southern Union Real Estate Holdings Limited to Vanke Real Estate (Overseas) Co., Ltd. The relevant resolution was passed by shareholders' vote. The company has now changed its name to Vanke Property (Overseas) Limited, with the English name: Vanke Property (Overseas) Limited.