Kowloon Development Company Limited (“Kowloon Development”) was listed on The Stock Exchange of Hong Kong Limited in July 1995 and its controlling stakes were acquired by Polytec Holdings International Limited in 2001. The current shareholding of Polytec Holdings International Limited in Kowloon Development is 61.21%. Kowloon Development is principally engaged in investment, development and management of top quality properties in the Greater China region covering Hong Kong, Macau and the Mainland China. By the end of December 2007, the Group has land bank with attributable GFA of approximately 5 million sq m for development and a property investment portfolio with attributable GFA of approximately 74,000 sq m. As one of the constituent stocks on the Hang Seng Composite Index and the Hang Seng Hong Kong Composite Index, Kowloon Development was named as one of the 200 “Best Under a Billion” companies in 2005 by Forbes Asia. Currently, Kowloon Development holds 59.52% equity interests in Polytec Asset Holdings Limited (208.hk).