VANDA HOTEL Development Co., Ltd. is a company engaged in property development, property investment, property management and investment holding activities. The company is engaged in property development, property investment and property management in the people's Republic of China ("PRC") and overseas. The company's business is divided into two divisions: China and overseas. The China division is mainly engaged in commercial and residential property sales and leasing in China. Overseas branch is engaged in the development of overseas property projects. The company's subsidiaries include Wanda International Real Estate Investment Co., Ltd., Wanda One (UK) Limited, Wanda Europe Real Estate Investment Co., Ltd., and Wanda Real Estate Investment Co., Ltd. The company's projects under construction include 1 Nine Elms Lane,London SW8 5NQ, the United Kingdom,and Plaza de Espana,19,28008,Madrid,Spain, etc.