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 Hualian Costa(Beijing) Catering Management Co., Ltd.

      On November 14th, 2007, Beijing Hualian Group signed a joint venture agreement with COSTA, a well-known UK-based company. The parties jointly established Hualian Costa (Beijing) Catering Management Co., Ltd. The joint venture was licensed to operate COSTA coffee. The agreement covers a planned opening of 300 COSTA stores in Beijing, Tianjin, Hebei, North East China and other regions in the next few years.
      COSTA is a large coffee retailer in UK. It has more than 30 years experience in coffee operation. COSTA has 900 coffee stores, among which 640 are in UK and 260 are in Europe, Middle East and other regions.