China Prosperity Development Corporation (CPDC) was founded in August 1998 as a reinvestment company wholly owned by China Steel Corporation (CSC). After its establishment, it actively engaged in the conversion of the industrial land in Qianzhen District as well as in the associated development and investor recruitment. The industrial land was successfully converted into a commercial zone; two big shopping malls were constructed; furthermore, the investment was also expanded into the commercial real estate business and reinvestment in other businesses, such as Pro-Ascentek Investment Corporation, to boost the operational capacity of the CSC Group. In the meantime, CPDC further assisted the CSC Group by providing consulting services related to land resources and shopping mall development.

CPDC mainly engages in the investment and development of land, commercial real estate and recreation businesses. Land and commercial real estate development includes the three big hypermarkets, namely, the IKEA Branch in Kaohsiung, Carrefour Hypermarket – Chenggong Store, and RT-Mart – Fengshan Store, and the purchase of the U2 Commercial Building in Osaka, Japan. Recreation businesses include reinvestment in Chateau Beach Resort in Kenting, Pingtung, Kaohsiung Arena & Shopping Mall, and amba Taipei Ximending.

CPDC will integrate the resources of the CSC Group to actively seek land and estate with development potential so as to lay a solid foundation of real estate resources for the Group. It will expand its commercial building and recreation businesses as well as engage in residential construction or development of other commercial real estate products in a timely manner in order to profit from its investment and development.