CWG DEVELOPMENT PTY LTD

CWG Development (its shareholder is Chiwayland International Limited, which is a listing company in Singapore and has the trade code of ACW) is primarily in the business of real estate development in China. It has obtained the First Grade Qualification of Real Estate Development Enterprise. Shanghai-based Chiwayland is also ranked as one of the Top 100 Real Estate Development Enterprises in China. Based on its core values of building "Quality Real Estate and Quality Living", the Group focuses on delivering a full suite of services ranging from real estate investment and development, township planning, project management, marketing and sales, to building maintenance. Chiwayland has valuable experience with its high-quality and professional management team, mature operating structure and work standards. The Group's portfolio of property developments comprises residential and commercial properties, office buildings, education hubs, and fixed price housing spanning the heart of the Yangtze River Delta Region, including Shanghai, Suzhou, Wuxi, Zhangjiagang and Xuancheng. To date, it has completed nine property developments with an aggregate sold and pre-sold gross floor area ("GFA") exceeding 2.0 million square metres. Chiwayland is one of the few established property developers that has a strong track record in developing educational institutions and education zones. The Group's expertise in integrating education institutions with residential developments has increased its competitiveness and enhances the value of its property developments.