Qiang Chai

IFM Investments Ltd. is engaged in the provision of real estate services. The company operates through four segments: Company-Owned Brokerage Services, Franchise Services, Mortgage Management Services, and Primary & Commercial Services. The Company-Owned Brokerage Services segment is engaged in the sales and leasing transactions primarily with respect to middle to high grade residential properties in the secondary real estate market, which includes property listing, advisory services and transaction negotiation and documentation. The Franchise Services segment is involved in granting regional franchise rights for the CENTURY 21 brand to regional sub-franchisors in China. The Mortgage Management Services provides mortgage advisory services to home buyers and home owners. The Primary & Commercial Services segment consists of two business units, one that provides agency services to primary residential real estate developers and one that provides planning, consulting and brokerage services to commercial property developers. IFM Investments was founded by Donald Zhang and Harry Lu on March 22, 2000 and is headquartered in Beijing, China.

China Merchants Property Development Co. Ltd. engages in the construction and development of properties for sale. Its business activities include transportation, industrial manufacturing, finance and insurance, foreign trade, telecommunications, tourism, theatrical performances, and radio and television services. It also engages in the provision of docks and warehouse services, and land and water construction projects. It also offers property leasing and supplying electricity and water. The company was founded on September 19, 1990 and is headquartered in Shenzhen, China.