Dragon Acquisition, a housing and real estate development company headquartered in Shandong province, China, has received approval from its shareholders to change the name of the company to China Oumei Real Estate and to amend and restate the company's memorandum and articles of association.

The name change and the amended and restated memorandum and articles of association of the company became effective immediately upon the approval.

In addition to changes to reflect the new name of the company, the amended and restated memorandum and articles of association reflect certain other amendments to the company's previous memorandum and articles of association that are designed to bring them more in line with current concepts of good corporate governance, to clarify some of its terms, and to conform more closely with those of other similar public companies.

China Oumei Real Estate develops and sells residential and commercial properties for middle and upper income customers in the Shandong province, including the cities of Qingdao, Weihai, and Weifang, as well as in other provinces of China.