Chairman's Statement

China's top-grade catering market is entering one high-speed development period by receiving benefit from the sustaining and high-speed development of China's economy. As a result, the "Prince" brand has become the forerunner in this market within two years of effort and keeps expanding the occupation rate in this market. Thus we have confidence in developing "Prince" to be the most outstanding figure in this market. We have planned, under appropriate circumstances, to open up oversea market such as Southeast Asia, Europe and North America, etc, so as to make "Prince" into the top international brand representing China's top-grade catering market. We are confident that we can create generous repayment for our investors.