Retail
We began our retail services in 2008 and our development in our retail services has been achieved by leveraging our expansion in GFA in the residential communities we managed, with a targeted location in Clifford Estates and the increasing number of residents in the surrounding area.

As of 31 December 2020, our retail network consisted of 15 retail outlets (two supermarkets, one wet market, and 12 convenience stores) under the names of “Clifford Supermarket (祈福超市)” and “Ni Wo Ta Convenience Store (你我他便利店)” respectively, mainly located in three of the residential communities we manage and the surrounding areas in the Guangdong Province Operation of convenience stores is the focus of our retail services. We position our retail services to target customers of local residents living in the residential communities we manage and those living in surrounding area. We therefore offer fresh and packaged food and beverage items, groceries, and daily necessities goods at our retail outlets located in various locations convenient for our customers, with the aim to providing them with a convenient shopping experience.

All of our retail outlets adopt a consistent interior design with the aim to distinguish our brand names of “Clifford Supermarket” and “Ni Wo Ta Convenience Stores”from our competitorors. Meanwhile, the floor layout and merchandise and brand mix of our retail outlets at each location were selected or may change in accordance with the local consumption preferences. All of our retail outlets are equipped with facilities, including securities system, POS system, which are in line with the general standard for operating a unified retail outlet chain.

Our retail outlets have a strong commitment to food quality and safety. In order to ensure on-going strict compliance with the requirements of the Food Safety Law of the PRC (中華人民共和國食品安全法), we have imposed stringent checking procedures for our food supplies and established a quality assurance system.