Company Victory Commercial Management Inc.

Victory Commercial Management Inc. is a holding company that operates through its subsidiaries. Through its subsidiaries, the Company engages in the business of commercial real estate lease and operation with a shopping center in Dalian, Liaoning Province of China. The Company provides lease and day-to-day management operations of the Dalian Victory Plaza Shopping Center (Victory Plaza). The Company also provides common area management services to all tenants and shop owners. Its common area management services include utilities, security, cleaning, fire service, landscaping, public facilities maintenance and other services provided by a property management office. The Company’s subsidiaries include Victory Commercial Investment Ltd., Dalian Victory Plaza Development Co., Ltd., Dalian Victory Business Management Co., Ltd., and Dalian Victory Property Management Co., Ltd.