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Teda Report from China Hotel Conference

Teda Travel Group, have announced that its management team attended the 2004
Annual China Hotel Industry Development Conference in Hohhot, Inner
Mongolia, People’s Republic of China during their annual conference July
20-25, 2004.
Hundreds of delegates came from 24 provinces in China, including many top
industry professionals, representatives from Tsinghua University, the Top
University in China, and delegates from Baker & McKenzie, the largest law
firm in the world. Mr. Tim Gao, CEO of Teda Hotels Management Company
Limited, a wholly owned subsidiary of Teda Travel Group, spoke to
conference attendees about the need to consolidate Information Management
Systems throughout the hotel property management industry.

Mr. Godfrey Hui, CEO of Teda Travel Group, said, ‘‘This was a very
important conference for us to attend. We’re extremely pleased that Mr.
Gao was a keynote speaker. We will quickly become one of the industry
leaders in hospitality and hotel management services, and it was critical
for us to address conference delegates on the issues of integrated
management systems.’’

‘‘Mr. Gao addressed the hospitality industry executives about the need for
integration of Information Management throughout the Hotel and Hospitality
Industry,’’ expounded Mr. Hui. ‘‘The annual conference is jointly
conducted by China Hotel & Lodging Association, and Travel Bureau of Inner
Mongolia. It is one of the largest and most attended events in the hotel
industry of China. Virtually every top-ranking industry representative
attends, and we were very pleased to be asked to address the conference.’’

Mr. Gao stated, ‘‘The travel industry in China is a $70 billion dollar per
year industry, and it’s expanding at a rate of about 15% per year. Spurred
by the booming Chinese economy, the Chinese leisure and business travel
sector will continue to grow not only from domestic tourism but also from
international travelers. It is a critical time for this industry in China.
Taking these early steps in getting proper information management systems
in place will result in an industry that is prepared to receive world
travelers in a relatively seamless and hassle-free manner.”

Mr. Tim Gao is the Chief Executive Officer of the Teda Hotels Management
Company Limited, a wholly owned subsidiary of Teda Travel Group. Prior to
joining Teda, Mr. Gao was Chief Executive Officer and General Manager of
the Orient Hotel Management Company Limited, a wholly owned subsidiary of
China Orient Asset Management Corporation, which together, with the Bank
of China, are directly under the Finance Bureau of Central Government of