Supercity Realty Development Corporation (SRDC) was incorporated on June 9, 2000 to engage in the business of construction, and related services and activities. SRDC is authorized to act as a contractor or subcontractor for the construction of houses, buildings, roads, bridges and other construction projects for the private sector or the government anywhere in the Philippines. Since the start of its commercial operations in 2000, SRDC has completed a number of land development and housing projects. The company's major completed and ongoing projects are located in various project sites, namely, Mabuhay City Subdivision and Jubilation New Binan Subdivision in Laguna, Eastwood Greenview Subdivision and Eastwind Homes in Rizal, and Celebrity Place Walk-up Condominium in Quezon City. As of February 2008, the Board of SRDC decided to wind down the company's construction business and re-focus its activities into real estate development. However, as of December 31, 2008, SRDC has not yet started any real development projects and thus the company is still continuously engaged in the business of construction. Source: SEC Form 17-A (2008)