DONGWHA HOLDINGS CO.,LTD is a Korea-based holding company engaged in the management of its subsidiaries. Through its subsidiaries, the Company operates in three businesses: material business, which mainly engages in the manufacture of floor boards; housing business, which mainly engages in the provision of housing decoration services, and car life business, which engages in the sales of used cars, as well as leasing of non-residential buildings. As of December 31, 2011, the Company