IFM Investments Limited, is a leading comprehensive real estate services provider with the largest network of real estate sales offices 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 and mortgage management services. We have experienced substantial growth since we commenced operations in 2000, supported by our information systems and training programs. Our CENTURY 21® China network covers 34 major cities with more than 1,000 sales offices, approximately 14,900 sales professionals and staff, and approximately 4.7 million property listings as of September 30, 2009.

Over the past ten years, we have received numerous awards and recognitions for our service quality and business achievements, including "Highly Appraised Franchisor Award" by the China Chain Store and Franchise Associate in 2008 and 2009, "Prominent Real Estate Services Provider" by Sina.com in 2008 and "Most Reputable Real Estate Services Provider" by Sohu.com in 2009.

As the exclusive franchisor in China for the CENTURY 21® brand, we leverage one of the world's most recognized brands in the real estate industry. In the first half of 2009, based on transaction volume, we ranked among the top three market leaders in over 90% of the cities in which we operate and were the market leader in more than 30% of those cities. We utilize our nationwide network to maintain a growing database of property listings and have developed world class, standardized information systems and training programs. Our unique business model allows us to rapidly scale our distribution network and expand our product and service offerings.