Straco Corporation Limited ("SCL") was incorporated in Singapore in April 2002 and was listed on the Mainboard of the Singapore Exchange on 20 February 2004. Our major shareholders are Straco Holding Pte Ltd and China Poly Group Corporation. SCL is a leading developer and operator of tourism-related assets in China.

SCL's key asset is Shanghai Ocean Aquarium ("SOA"). Built at a cost of US$50 million, it is one of the largest indoor, closed systems aquariums in the world with a total built-in area of 20,000 square metres and a designed capacity of 21,000 visitors per day. The world-class aquarium, situated in the Pudong New Area and next to Shanghai's landmark Oriental Pearl Tower, showcases over 10,000 fishes and exotic marine creatures of over 450 aquatic species from all over the world.

SCL also owns and operates Lixing cable-car service at Mount Lishan in Lintong District, Shaanxi province. With a total investment of US$5.2 million, it was the first cable car service of international standard in China, with a total distance of 1.44 kilometres. Lixing cable-car has been in operations for more than 10 years, offering tourists a panoramic view of the scenic Mount Lishan.

SCL also owns the development rights for Chao Yuan Ge ("CYG") on Mount Lishan. CYG is an integral part of the grand "Hua Qing Palace". Its preliminary development concept includes showcasing Tang-era culture and the displaying of replicas of unique architectural structures from the Tang Dynasty. One of the highlights of the CYG development will include exhibits of relics that were unearthed on Lishan Mountain.

In 2006, Straco Creation Pte Ltd ("SCPL") was started as a joint venture company between SCL and Mr. Carlo Clerico of the Clericos, the famous music-hall family that has managed the Lido and Moulin Rouge in Paris for more than 60 years. SCPL's focus will be on the production and management of artistic shows with its first production Paris Plumes touring the Chinese cities of Shenzhen, Guangzhou, Shanghai, Beijing between December 2007 and January 2008.

In 2007, the Group acquired Xiamen Underwater World Co., Ltd. The aquarium, located on the scenic Gulangyu Island, is a key tourist attraction of Xiamen City. The aquarium with over 4 million litres of water capacity, features marine animal performances and a display of a wide array of fresh water and marine livestock.

Over the years, the Group has gained recognition as a major investor and developer of premier attractions and tourist related assets. The Group will continue to target high quality tourism and entertainment projects in China and in other regions to fuel its growth.