China Merchants China Direct Investments Limited
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Real Estate

Langfang Oriental Education Facilities Development Company, Limited
Nature of Business: Leasing of student dormitories
Location: Langfang, Hebei
Type of Company: Co-operative joint-venture (JV)
JV Period: 20 years
JV Incorporation Date: 29 May 2002
Total Investment of JV: US$20.00 million
Investment Cost: US$5.00 million
Company's Interest: 25% (31/12/2007)
JV Partner: Oriental University City Development Company Limited - 75%

Hansen Enterprises Limited - Shenzhen Mankam Square
Nature of Business: Shop investment
Location: Shenzhen, Guangdong
Entitled Gross Floor Area: 5,262 sq. m.
Type of Company: Limited company
Date of Investment: April 1994
Investment Cost: US$4.30 million
Company's Interest: 35% (31/12/2007)
Major Shareholder: City Chiu Chow Group - 65%