SM Prime Holdings, Inc. (SMPH) was incorporated on January 6, 1994 to develop, conduct, operate and maintain the business of modern commercial shopping centers and all related businesses. The company's main sources of revenues include rental income from leases in mall and food court, cinema ticket sales and amusement income from bowling and ice skating. As of December 31, 2008, SMPH operated 33 SM Supermalls in the country, eight (8) of which were operated by the company's subsidiaries, and three (3) SM Supermalls in China. SMPH's subsidiaries are First Asia Realty Development Corporation, Premier Central, Inc., Premiere Southern Corporation, San Lazaro Holdings Corporation, First Leisure Ventures Group, Inc., Mega Make Enterprises Limited, Affluent Capital Enterprises Limited, and SM Land (China) Limited. Source: SEC Form 17-A (2008)