Beijing Science Park Development Co., Ltd.("BSPD") was incorporated in December 1999, with a registered capital of RMB 200 million. BSPD is a joint stock company that spans across a host of industries, regions and ownership systems, all tied-up together by link of assets and participation. BSPD was established by a number of very strong shareholders, all of which are well-capitalized, and have premier qualifications and reputable creditworthiness. BSPD commits itself to the development and construction of the Zhongguancun Science Park and sees it as a historic opportunity for its development. Building on the real estate development, which is the cornerstone of its business, BSPD strives to fully harness a rich array of internal and external resources, expand into relevant industries, and maximize return to shareholders.