The difference between SIC and Shanghai is that they are two different real estate developers. Cheng Kai Group is a leading comprehensive city developer in China, established in 1999 and headquartered in Shanghai. It is engaged in real estate development, property management, urban renewal and infrastructure construction. Shanghai Cheng Kai Development Group Co., Ltd. is also a comprehensive urban development operator in China, established in 1992 and headquartered in Shanghai. Shanghai Cheng Kai is mainly engaged in urban comprehensive development, property management, real estate operation and other businesses, while making diversified investments in environmental protection industry, financial investment and other fields.