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| As a major subsidiary of Roly International
Holdings Ltd., Midway has been working in China since
1992 and is now recognized as a leading retail and wholesale
distributor of branded children's apparel and accessories
in China. A nationwide network of over 200 retail outlets
managed by Midway and over 300 wholesalers covering 220
cities further ensures that the Midway portfolio, which
includes a large number of major world-class licensed
brands, remains at the forefront of China's retail industry.
Its fellow subsidiary Toonsland, established in 1992,
offers an extensive network of nearly 20 stores in Hong
Kong.

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