Kaisheng Holdings (00102) announced that the group is mainly engaged in hotel and gaming business (“Crystal Tiger Palace”) in the Primorsky Krai Comprehensive Entertainment Zone of the Russian Federation; and property development in Miyako Island, Japan. The Group has also subscribed for convertible bonds from Suntrust Resort Holdings, Inc., a subsidiary of the Company. The Group's daily business has remained stable.
Furthermore, trading of the company's shares continues to be suspended.