The Group always explores and analyses the possibility of other business opportunities and diversification. The Group therefore entered into the Sale and Purchase Agreement on 22 October 2010 with Castfast Properties Development Company Limited ("Castfast Properties")(private investment of Mr. Ho) whereby the Group agreed to acquire 100% the entire equity interests of Castfast Properties's wholly-owned subsidiary, the Yixing Karrie Commercial Building Development Company Limited ("Yixing Karrie") at a consideration of Approximately HK$123.68 million (the "Agreement"). The Agreement was approved by independent shareholders of the Company on 6 December 2010 and had been completed on 27 January 2011.

Yixing Karrie had beneficially owned the parcel of land with a site area of approximately 20,012 sq.m. located in Yixing, Jiangsu Province, the PRC. The parcel of land is expected to develop a 21-floor commercial building with an estimated gross floor area of approximately 34,733 sq.m. The first and second floors of the commercial building are planned for use as shopping plaza or office and other floors as hotel or service apartments. The estimated total investment cost will be approximately HK$233.52 million. The commercial building is scheduled to be completed within two years. Taking into market conditions, the commercial building is planned to be leased out to generate stable income and / or for sale to gain profit and cash for other future development. The Group can therefore share and participate in the cultural industry together with the rapid growth of Yixing. Meanwhile, we can explore different business opportunities including but not limited to property development, leisure and vocational business, hotel and theme city for wedding. The Group currently does not have any concrete plan.