Business Summary
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Chia Tai Enterprises International Limited (CTEI) is an investment holding company. Through its subsidiaries, the Company is engaged in the operation of shopping centers, CP Lotus, located in the northern, eastern and southern regions of China. CP Lotus offers an assortment of merchandise, including fresh food, health supplement, beverage and liquor, household chemicals, housewares, hardware, sporting goods and toys, electronic appliances, apparel, and shoes. During the year ended December 31, 2008, the Company operated a total of 44 hypermarket stores in China, of which 21 are located in the east region, 13 in the south region and 10 in the north region of China. On October 31, 2008, the Company completed its restructuring. Of the 44 stores it owns, 21 stores were acquired from the Shanghai Lotus Supermarket Chain Store Co., Ltd. (SLS).
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