Golden Eagle Retail Group Limited was founded in 1996 with our Nanjing Xinjiekou flagship store. We positioned ourselves as the leading premium department chain store operator in China. Golden Eagle owns 10 stores in Jiangsu, Shanxi and Yunnan provinces, located in the cities of Nanjing, Nantong, Yangzhou, Suzhou, Xuzhou, Taizhou and Xi'an and Kunming.

In 2007, Total GSP reached about RMB 4,858.1 million, resulting in a year-on-year
increase of about 35.8%; Same store sales growth maintained at a high level of about 25.8%; EBIT reached about RMB 693.5 million, resulting in a year-on-year increase of about 62.4%; Profits attributable to the shareholders reached about RMB385.7 million, resulting in a year-on-year increase of about 66.3%; Earnings per share reached about RMB fen 21.23, resulting in a year-on-year increase of about 63.7%.

Golden Eagle was awarded the 'Jiangsu Province Famous Brand' and will continue to establish itself as the leading premium department store in the PRC, focusing on nationwide expansion of its chain retailing business in China.