China Resources Enterprise, Limited

China Resources Enterprise, Limited (CRE) is a property investment and investment holding company. The Company, through its subsidiaries, is principally engaged in retail, beverage, food processing and distribution, textile and property investment businesses. The Company's retail division mainly comprises three business segments: supermarket and logistics; brand-fashion distribution in the Chinese Mainland, and other retail stores operation. As of December 2008, the Company operated a total of over 2,600 stores in the Chinese Mainland and Hong Kong, of which approximately 54.8% were self-operated and the rest were franchised stores. Major store formats are hypermarket, superstore, supermarket and convenience store, mainly operated under the brands of vanguard, CHINA RESOURCES SUGUO, SUGUO and Ole. In September 2008, Fresh Market, a new store format, was piloted.