IFM Investments Limited (NYSE: CTC), is a leading comprehensive real estate services provider and the exclusive franchisor for the CENTURY 21^® brand in China. We primarily focus on China's fast-growing and highly fragmented secondary real estate market, providing company-owned brokerage services, franchise services, mortgage management services, primary services, commercial services and fund management services. We have experienced substantial growth since we commenced operations in 2000, and received numerous awards and recognition as franchisor and real estate services provider for the service quality and business achievements. Our CENTURY 21^® China network covers 31 major cities with more than 1,237 sales offices, employed over 14,900 sales professionals and staff, and maintained more than 8.0 million property listings as of December 31, 2011.