2. The full name of China Shipping Real Estate is: China Shipping Real Estate Group Co., Ltd., a subsidiary controlled by China Overseas Group Co., Ltd., and its predecessor, China Shipping Real Estate Co., Ltd., was incorporated on August 8, 2002 with a registered capital of RMB 6,543,800+002,000. The enterprise type is a Sino-foreign joint venture. China Overseas Development Co., Ltd., as the holding company of China Shipping Real Estate Group Co., Ltd., was listed in Hong Kong on 1992, and was once rated as a major real estate enterprise in China (Hong Kong and Chinese mainland) listed companies 100 by internationally renowned Fortune magazine.