Fuyang South-Sea Real Estate Development Co., Ltd., subordinated to Fenghua South-Sea Chemical-Pharmaceutical Group Co., Ltd.(which is a national high-tech enterprise specializing in development and production of powder coating agent and other new materials, and has six subsidiaries including Ningbo South-Sea Chemical Co., Ltd. and Ningbo South-Sea Bio-chemical Co., Ltd.), is a joint-stock enterprise engaged in real estate development.

The company was registered in Fuyang in November 2004, with registered capital of RMB 38M. It is a reputable and experienced real estate developing company, clustered by a group of real estate professionals and construction experts.

It started the construction of "Yi Quan Ya Yuan" in Yingquan District of Fuyang City, which is a living and commercial purposed community occupying floor area of more than 50,000 square meters. This community was completely sold in April of 2006 and put into use. Now the principal part of Phase II engineering has completed, and the infrastructure is under construction. Till October of 2008, above 90% houses had been sold, and the total sales value reached RMB 230M yuan. Total tax paid exceeded RMB 20M. Profits earned nearly hit RMB 50M. Both the construciton quality and the living environment of the community receive high comments from the public.

The flats in "Yi Quan Ya Yuan" are logically planned and reasonably priced. Together with the surrounding facilities and beautiful environment, this community is highly favored by the public and has been broadcasted by Fuyang TV. Such honorable titles as "Top quality project", "Excellent living community" have been awarded to it.

The success in "Yi Quan Ya Yuan" increases the company's confidence in real estate investment. At the beginning of 2007, it acquired the development right of another land, and developed "Yi Quan Ting Yuan", including 7 multi-floored buildings and a kindergarten. Now the prophase work has basically finished, and the principal part is ready for construction.

"Yi Quan Ting Yuan" is located in the center of Quanbei New District in Yingquan District of Fuyang City, whose east side is the scenery band of Laoquan Hexi Road, and west is the 60m-wide Jieshou Road. Its south is the 30m-wide pedestrian street, and the north is Liuyin Road, the landscape ave. to the 4A view spot "Zoologic Park". All these contribute to the high revaluation potential of the community.

Based on its "people-oriented" principle, Fuyang South-Sea Real Estate Development Co., Ltd. keeps providing best quality products and services to customers and contributing to the modernization construction of Fuyang City.