2. China Sports Industry Group Co., Ltd. (hereinafter referred to as "the company" or "the company") was approved by the State Commission for Economic Restructuring [1997] 153. It was registered in Tianjin on March 1998 by the Sports Fund Management Center of the State Sports General Administration (formerly the State Sports Commission), Shenyang Real Estate Co., Ltd., the All-China Sports Foundation, the Sports Lottery Management Center of the State Sports General Administration and the State Sports Company, and obtained the Business License of Enterprise as a Legal Person (registration number:1000010029/).