Increased shareholding in Sunco Property to 88.5% in July

Acquisition of 49% shareholding interest in Sunco Property in January

Completion of acquisition of Phoenix City Project in December

Distribution of all shareholding interest in Chai-Na-Ta Corp. by way of distribution in specie in October

Signed agreements with Sunco Group, granted 3 options to acquire, inter alia, Sunco Property and Phoenix Land in September

Disposal of entire interest of Taiyuan Ximing-Gujiao Highway (Class II highway), Shanxi Province

Disposal of entire interest of Changzhou-Caoqiao Highway, Jiangsu Province in January

Acquisition of 45% equity interest in Tangshan-Tianjin Expressway, Hebei Province with consideration of RMB799 million in January

Acquisition of 3 pieces of land in Wujin District, Changzhou City, Jiangsu Province

In September, Moody's rated Road King's corporate credit rating as "Baa3", with stable outlook

In September, S&P reaffirmed Road King's corporate credit rating as "BBB-", with stable outlook

Road King has been consistently named as one of the "Worldwide 500 Chinese Enterprises" by Yazhou Zhoukan since 1997

Commenced the property development business in China by acquiring Tianhe Park in Guangzhou

In July, Moody's rated Road King's corporate credit rating as "Baa2", with stable outlook

In February, Standard & Poor's upgraded Road King's credit rating to "BBB-", with stable outlook

In August, Road King was selected as a constituent of the 200-stock Hang Seng Composite Index Series

In June, Road King was selected as a constituent stock of the Hang Seng MidCap 50 Index

Road King was voted as one of the "1997 Best Managed Companies in Hong Kong" by Asiamoney magazine

In July, Road King was listed on The Stock Exchange of Hong Kong

Road King was jointly established by Wai Kee Holdings Limited and AIG Asian Infrastructure Fund L.P.