XINHU ZHONGBAO CO.,LTD. is principally engaged in the development and sale of residential properties. The Company operates its business mainly in Zhejiang Province, Shandong Province, Liaoning Province, Anhui Province, Jiangsu Province, Jiangxi Province, Tianjin and Shanghai, China. The Company's major real estate projects include Xinhu Shangri-La, Xinhu Xianlin Villa, Xinhu Pearl Town, Xinhu Lily New Town, Xinhu Jinzuo Yinzuo, Xinhu Gucheng Yinzuo, Xinhu Chaisang Spring, Xinhu Yangtze Modern City, Xinhu Waterfall Heights Garden, Xinhu Scenic City, Xinhu Green Garden, Xinhu Spring North and Xinhu Rui'an Bund, among others. The Company is also engaged in the operation of trading, hotel business and other businesses. On May 3, 2013, the Company announced that it has jointly won a bid for four plots of land measured totally 111,843 square meters in Wenzhou, together with two individuals.