Summit Ascent Holdings

Summit Ascent Holdings Limited (Formerly known as Arnhold Holdings Limited) (the "Company") was founded in 1993 and its shares were listed on the Main Board of The Stock Exchange of Hong Kong Limited since 10 January 1994 (Stock Code: 102). The principal activity of the Company is investment holding with our major project being integrated resort development in the Russian Far East near the beautiful seaside city of Vladivostok. Through its operational subsidiaries, the Group has a legacy business that is engaged in trading of tiles and engineering operations products.