China Properties Dev (GREY:CPDV)

China Properties Developments, Inc. (the "Company") was incorporated in the State of Colorado on June 15, 2001. The Company presently engages in the business of real estate development, including sale and lease of real estate in Xi'an City, Shaanxi Province, People's Republic of China ("PRC").

The Company’s operations include the consolidated operations of Wollaston Industrial Limited and Xian Jiahui Real Estate Co., Ltd.

Wollaston was incorporated on April 21, 2005 in British Virgin Islands (“BVI”) under the International Business Companies Act, as a limited liability corporation. Wollaston owns 90.28% of Jiahui, which was established in Xi’an City, Shaanxi Province, PRC on December 17, 1996 under the Company Law of the PRC. Jiahui engages in the business real estate development, including sale and lease of real estate. (10QSB for the period ended September 30, 2007)