A. General introduction
II. Major subsidiaries and joint ventures
  4. Others
 
BOAO COSCO CO., LTD.
Nature of company:
Investment proportion:
Registered capital:
Staff
limited liability company
100%
40 million yuan
2200employees
1.Core businesses:
Tourism project development, real estate development, business program investment, hotel and restaurant investment, conference and exhibition service, golf course investment, logistics management, and import and export trade businesses.

2.Capacity of products and services:
The company provides over 20 sets of facilities including Boao Forum International Conference Center, Sofitel Boao Hotel, Golden Coast Hotspring Hotel, villas, golf courses, etc. It has developed into the stage for Asian countries to discuss economic development, as well as a famous tourism destination.

The Boao Forum for Asia has powerfully driven the local economic development. COSCO subsidiaries in Boao have offered over 2,000 positions for local residents. Over 10,000 tourists visit, spend holiday, and attend conference in Boao every day, bringing a great amount of tourism revenues. In 2005, Qionghai city gained 4.859 billion yuan of gross national product, with the tourism industry particularly prosperous. In the same year, the city has received 2.2 million domestic and foreign tourists/time, with the tourism revenues reaching 651 million yuan.

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COSCO Group, October 2006