Peng Wang

China Grand Enterprises, Inc.

Established in 1993, China Grand Enterprises, Inc. (hereinafter referred to as CGE) is a joint-stock group company headquartered in Grand Place, Beijing. As an investment company engaged in operation and management, CGE's core businesses cover pharmaceuticals and healthcare, commodities trading, real estate investment, financial service and other sectors. Pharmaceuticals and Healthcare China Grand Enterprises Pharmaceuticals and Healthcare (hereinafter referred to as CGE Healthcare) has established several core industrial platforms within her controlled subsidiary companies, which include Huadong Medicine, Grand Pharmaceutical Group, Lei Yunshang Pharmaceutical Group and Grand Biotech Group. Commodities Trading Commodities trading is one of CGE's most important industries. The business has two major subsidiary enterprises: Grand Industrial Holding Co.,Ltd. and Tianjin Grand Union Auto Trade Group Corporation. Real Estate Investment Grand Real Estate Group, a subsidiary of CGE, is a nationwide real estate investment group mainly engaged in the construction and management of both commercial and residential complexes. Grand Real Estate Group holds expansive investments in major municipalities and provinces across China including Beijing, Tianjin, Heilongjiang, Jilin, Liaoning, Shandong, Shanxi, Zhejiang, Sichuan, Guizhou, Guangdong and Hainan. Financial service Financial service is one of the most important areas invested and developed by CGE. In recent years, CGE has established commercial banks and financial institutions engaged in the businesses of financial lease, securities, financial industry investment companies and other financial services.