Xi Kaiyuan Holding Group Co., Ltd. (hereinafter referred to as "the Company"), formerly known as Xi 'an Jiefang Department Store, was established in 1956 and is a large commercial enterprise in Xi. 1986 12 approved the restructuring into a joint stock limited company, which is the first batch of joint-stock pilot enterprises in Xi. During the period of 1992 and 1 1, the National Economic System Reform Commission agreed to become one of the first batch of 13 pilot enterprises in China to issue shares to the public. With the approval of China Securities Regulatory Commission and Shenzhen Stock Exchange, the company's shares were listed on Shenzhen Stock Exchange on August 9 1993, making it the first listed company in Shaanxi Province and even the northwest region. On June 28th, 2007, the company changed its name to "Xi An Kaiyuan Holding Group Co., Ltd." with the stock code of 0005 16.