The Group's main property investments are several floors of the Guangzhou Mediterranean International Hotel with a total floor area of about 6,098 square meters, located in Tianhe Road, Tianhe District, Guangzhou, People's Republic of China (“China”). The investment brings in recurring rental income of approximately HK$680,000 per month. Another property investment is a number of units with a total floor area of about 12,878 square meters in Liwan Plaza, Shangxiajiu Road, Liwan District, Guangzhou, China. It was announced on April 25, 2008 that the Group sold its subsidiary Nanfang Liwan Plaza Co., Ltd. (“Nanfang Liwan”). Its sole asset was a number of units in Liwan Plaza.
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