Zhongmin Baihui（5SR）年次報告書

The Company was incorporated in Singapore on 17 September 2004 as an investment

holding company under the name of Zhongmin Baihui (S) Pte Ltd. On 8 November

2010, the Company changed its name to Zhongmin Baihui Retail Group Pte Ltd and

was converted into a public company on 21 December 2010.

The Group is principally engaged in the ownership and operation of the “????”

department store in Xiamen City, which is one of the largest underground retail

malls in Fujian Province, China. Spanning an estimated built-in area of 28,746

sqm, the Xiamen Store is located in the commercial centre of Xiamen City,

strategically located at a transportation hub where bus terminals (to both

within and outside of Xiamen City), bus rapid transit and the high speed train

(to various major cities in China) are located. The Xiamen Store offers a wide

range of quality merchandise and customer-oriented services catering to middle

to high level income bracket consumers. International brands featured in the

Xiamen Store include BreadTalk, Nike, Adidas, Bossini and Baleno.

The Group also manages six department stores under the “????“ brand name in

Quanzhou and Zhangzhou Cities in Fujian Province, China. These managed stores

have an aggregate estimated built-in area of 59,638 sqm. In return for its

management services and the use of the “????“ brand name, the Group is paid

management fees.