Shanghai Yanlord Property Co., Ltd., a joint venture, was established in 1992. The company has been accredited Category 1 for residential development by the Ministry of Construction and recognition of Grade 3A Credit Unit by the People's Bank of China, Shanghai. In the light of the firm confidence for the reform and opening of China, especially Pudong, Shanghai Yanlord has accumulatively invested approximately RMB 10 billion in the past years and has developed the luxurious projects of Yanlord Plaza, Yanlord Apartment, Yanlord Garden and Yalord Town. The company has won wide recognition in the industry as a major property developer for luxurious residences for its excellence and energy.