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ash111

03/06/13 4:22 PM

#591 RE: SpeedBoat12 #590

The Company, through its wholly owned subsidiaries and investments in other entities, engages in the sale of its magazines and advertising
space within its magazines, which are sold throughout China; and provides consulting services to clients concerning advertising and marketing
programs. The Company also conducted online sales of consumer products consisting primarily of personal computers, electronic appliances,
cosmetic products, mobile phones and jewelries
.
The Company currently publishes 4 main issues and 7 special issues of its magazine. Currently, the distribution network of its magazines
consists of over 60 major distribution agencies and approximately 30,000 bookstores and news stand covering over approximately 300 cities
throughout China
.

As mentioned above, the Company operates its advertising business through various entities, either wholly owned or through certain ownership