Hotel and real estate business is one of Sinochem’s core businesses. It mainly includes real estate development, hotel, office and residential buildings management. In recent years, we have been further strengthening our marketing forces, improving management quality and pushing our hotel and real estate business into a standardized and professional developing track. With obvious improvement of asset value and continuous enhancement of profit ability, Sinochem has developed the leading brands, such as Fangxing Real Estate, Jin Mao and Sinochem Property, etc, which make contributions to Sinochem’s development and show their special economic and strategic values gradually.