As disclosed in our Current Report on Form 8-K filed with the Securities and Exchange Commission (“SEC”) on February 14, 2011, as a result the closing of the Share Exchange on February 14, 2011, (i) we ceased being a shell company as such term is defined in Rule 12b-2 under the Securities Exchange Act of 1934, and (ii) we indirectly control though subsidiaries, ShiShi Feiying, which is engaged in the business of manufacturing and selling of synthetic polyurethane leather for the retail leather industry and for the flip-flop and slippers industry. ShiShi Feiying Plastic is located in ShiShi City, Fujian, China.
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