Square Inn previously announced new business direction in the hotel management services to capture the booming budget hotel industry in China. It acquired a hotel property in Chengdu, Sichuan Province, and signed an exclusive hotel management contract with Southern Silver Resort & Beach in Silver Beach, Hailing Island of Guangdong Province. Square Inn intends to expand its coverage and seek new potential acquisitions and collaborations with hotels in China.

About Square Inn Budget Hotels Management Inc.

Square Inn is a hotel management company based in Guangzhou, China. It develops, operates and manages budget hotels in China under the Square Inn brand. It seeks to grow its business by acquiring budget hotels across China, and to renovate and operate the hotels to conform to the standards of Square Inn brand and management. It plans to add hotel management contracts, lease and franchise options. For more information, please visit www.enjoymedia.com and www.squareinn.com.