Sun Art Retail Group Limited is an investment holding company mainly engaged in the operation of hypermarkets in the People�s Republic of China. It operates under two banners: the Auchan and RT-Mart banners. Of the new stores, 14 were located in Eastern China, seven in Northern China, 10 in Central China, four in North-Eastern China, eight in Southern China and three in Western China, while nine were operated in self-owned properties and 37 were operated in leased properties. In 2011, the Company opened 46 hypermarket complexes, of which 42 were under the RT-Mart banner and 4 were under the Auchan banner. As of December 31, 2011, the Company had a total of 230 hypermarket complexes, covering 24 provinces, autonomous regions and municipalities in China. As of December 31, 2011, the Company�s subsidiaries included Auchan (China) Hong Kong Ltd., Concord Champion International Ltd., Shanghai Art Management and Service Co., Ltd., Concord Champion Limited and others.