The company is an integrated real estate developer in China, focusing on the development of residential projects and vacation home. In addition to the main business (real estate development), we are also engaged in equipment designed, manufactured and distribution of clean room equipment, heating ventilation and air-conditioning, marine damper and air purifierin Singapore, Malaysia and China.
We focus on the development of residential projects and in the meanwhile a minor amount of commercial real estate in China. We also selectively reserve the ownership of the strategic independent development property to earn rental income and capital gains. In addition, we undertake the resettlement housing construction project for additional income and also potential land banks for future real estate development. We have more than 15 years of proven track record in the real estate development. For example, we have been focused on the development of large and multi-phase real estate projects in the cities with high growth potential based on our strategic decision. By virtue of our successful real estate development in 1999 in the pilot city - Zhengzhou of Henan Province, we expanded our business in other strategic cities (i.e., Kaifeng and Xinxiang) in 2007, which got the same success again. In 2010, we made use of the national policy to designate Hainan as "International Tourism Island" to expand the real estate development business to Hainan.
As of 31 December, 2015, we had 12 property development projects which were either completed or under various stages of development in various PRC cities, with a total gross floor areas of approximately 1,424,847 sq.m. As of 31 December, 2015, approximately 1,085,740 sq.m were completed, approximately 339,107 sq.m are under development and approximately 430,882 sq.m held for future development.
Over the past few years, we have won many industry awards and rewards from local government, which recognize our achievements in real estate development. For example, from 2013 to 2015, Weiye was appointed the vice-chairman of the Henan Chamber of Commerce of Real Estate Industry; our Weiye Xiangdi Bay was conferred the Kaifeng Structure Chrysanthemum Engineering Certificate by Housing and Urban-rural Development Bureau of Kaifeng; our Weiye Central Park was rated as Henan Provincial Engineering of Zhongzhou Cup by Henan Construction Engineering Quality Supervision Station.
With the philosophy of "Weaving dreams of vacation living, carving perfect lifestyle", we have developed many high quality projects in Henan and Hainan.
Apart from the main business (i.e., the real estate development business), we are also engaged in equipment designed, manufactured and distribution of clean room equipment, heating ventilation and air-conditioning, marine damper and air purifierin Singapore, Malaysia and China.
We engaged in equipment manufacturing through Eindec Corporation and its subsidiaries (a clean air technology and solutions (regional) provider). Our clean equipment is used to create a clean environment, which is vital to the manufacturing and production process of electronics, semiconductor, pharmaceutical and food. Our HVAC products are installed on key deflection grille of commercial and industrial buildings and air diffuser is used for air transport and regulation of commercial and industrial buildings to ensure uniform air distribution. Furthermore, we have also entered the market of consumer air purifier.