As a NORINCO International’s subsidiary, NORINCO International Real Estate Co., Ltd.(NORINCO Real Estate) is jointly invested and established by China North Industries Corporation (NORINCO) and NORINCO International. NORINCO Real Estate is the unique professional real estate development platform of NORINCO system. While integrating NORINCO’s internal land resources and providing professional service, NORINCO Real Estate embraces NORINCO’s general purpose of building a world-class multinational enterprise and takes overseas real estate development as the important strategic initiative to achieve the real estate business transformation and upgrading. By combing its own professional competence and NORINCO’s global leverage, NORINCO Real Estate has already carried out overseas real estate research and project negotiation in global markets. NORINCO Real Estate has successfully developed two low-density residential projects, The View Point of Beijing and The View Point of Nansha, and one commercial project, NORINCO-Zovie International Center. The new high-rise apartmentproject, Foshan Running Town in Guangdong Province is now under construction as planned.