Beijing Xidan shopping mall Co., Ltd. (hereinafter referred to as "the company") was established in May 1993 with the approval of Beijing Economic System Reform Commission (1993) No. 49 document. It is a directional fund-raising Co., Ltd. composed of five units including the former Beijing Xidan shopping mall group as co sponsors. In March 1996, with the approval of Beijing Municipal People's government by jingzhenghan (1996) No.6 document, the company was transformed from a directional offering company into a social offering company. With the approval of China Securities Regulatory Commission by zjfsz (1996) No.98 document, the company publicly issued 40.8 million A-share shares on the Shanghai Stock exchange on June 27, 1996. After the issuance, the total share capital of the company was changed to 191.6323 million shares. On July 16 of the same year, the issued a shares were listed and traded in Shanghai Stock Exchange. In May 1997, the total share capital of the company increased to 249.1220 million shares after the implementation of the plan of giving out shares and increasing share capital; in April and November 1998, the total share capital of the company increased to 364.0635 million shares after the implementation of the plan of giving out shares and allocating shares; in January 2001, the total share capital of the company increased to 409.718 million shares after the implementation of the plan of allocating shares. The company obtained the business license of enterprise legal person issued by Beijing Administration for Industry and Commerce on December 20, 1993, with the registration number of 1100001502061.