Project: Qiaoyuanfive-star hotel andtourismfacilities project of XiqiaoMountain, FOshan

Project: Qiaoyuanfive-star hotel andtourismfacilities project of XiqiaoMountain,
Foshan

Overview: it aims at building a five-star hotel in Jiaoyuan Scenery Site of Xiqiao
Mountain that integrates sight-seeing, resort, recreation and business in order to
createafive-star tourismservicearea.

Mode of cooperation: solely owned foreign business

Period of cooperation: 40years

Total investment: RMB600million

Foreign side investment and composition: negotiable

Estimated payback period:5years

Construction site: XiqiaoScenery Area, XiqiaoMountain

Infrastructure available at the construction site: the existing hotels, shop and
recreational facilities can be demolished, reconstructed or renovated according to
needs.

Materials of project: omitted

Stateproject classification: allowed