in projects of material supply, real estate development and city operation with little investment and quick results. SDHS has several mines such as the natural rock asphalt mine in Qingchuan County of Sichuan Province and the zinc and tin mine in Xiaogu Mountain of Inner Mongolia. Modified asphalt has been exported to Ethiopia and utilized on expressway projects. Hainan New Petrochemical Material Base jointly invested by SDHS and American Heritage Group will have an annual output of US$6.1 billion when operations begin. In alliance with Greentown and Evergrande, the leading enterprises in real estate, SDSH has successfully developed several high-quality real estate projects such as SDHS West Coast Center in the West Coast of Qingdao. The center, defined as a 5A office building with luxurious apartments, will be built as a high quality complex integrating functions like office and recreation spaces. 9. International business SDHS has extended its business to 106 countries and regions, with a total turnover of US$15.2 billion. China Culture Center Slated to open in February 2019 in Belgrade, the Chinese Cultural Center will occupy an area of over 32 300 m2, making it one of the largest cultural centres in the world and the first project of its kind in the Baltic region. On June 16, 2016, China's paramount leader Xi Jinping and Serbian President Tomislav Nikolic attended the Foundation Laying Ceremony for the project. Toulouse Airport Project In 2014, SDHS together with FPI purchased 49.99% shares of Toulouse Airport which is the fourth largest passenger airport and the second largest freight airport in France. This is this first acquisition of foreign for a Chinese company. In July 2015, Premier Li Keqiang visited Toulouse in France and stressed that Toulouse Airport Project must be well operated as strategic investment. Juba-Rumbec-Bentiu Road Upgrading Project The E763 expressway project in South Sudan is the longest overseas road project (more than 1000 km) with the largest investment undertaken by Chinese enterprises. Corporate recognition In 2017, SDHS reported a registered capital of US$3 billion, annual operation revenue of $9.1 billion and total profits of $1.3 billion. Its asset value of $83.3 billion has also topped all Shandong Province-run enterprises and all Chinese enterprises of the same industry. According to the Ranking List of World Brand Lab, SDHS was awarded the 146th place among China's 500 Most Valuable Brands in 2017, with a brand value of an estimated US$4.17 billion. The