New Taohuayuan Culture Tourism Company Ltd. (PINK:NTYN)

New Taohuayuan owns and operates the Taohuayuan Inn hotel and resort located in the city
of Xi'an, province of Shaanxi, in the PRC. The Taohuayuan Inn has 23 courtyards
with 146 rooms and 292 beds.

The company manages the DongJin Taoyuan Villas, a hotel and resort property
approximately 10 miles from downtown Xi'an. DongJin Taoyuan Villas has 84 rooms
and 168 beds. This property closed for major remodeling in 2006 and is expected
to reopen in June 2009.  The company also manages a chain of four traditional Chinese restaurants. Two of the restaurants are in Xi'an, and one is in Beijing.  New Taohuayuan receive fees for managing the DongJin Taoyuan Villas and the three
restaurants.

Room rates in the Shaanxi province are established by the Shaanxi Price
Bureau. Room rates are established for each hotel or resort in the Shaanxi
Province and are based upon a number of factors, including the quality of the
property and amenities offered. Room rates may be changed at any time by the
Shaanxi Price Bureau based upon economic conditions in China.

Last updated June 17, 2009