Fujian Huamin Imp & Exp Co., Ltd.

Founded in June of 1986, Fujian Hua Min Import & Export Corp. was formerly a large-scale and state-owned comprehensive foreign trade enterprise in Fujian Province. Our company was restructured from a state-owned enterprise to a limited liability company and renamed to Fujian Huamin Imp & Exp Co., Ltd. in May of 2003 with registered capital of RMB60 million. There are currently more than 3,000 staff members and workers in our company. Our total assets and annual turnover reached RMB1,500 million and RMB6,000 million respectively at the end of 2007. There are six functional management departments in our company: General Office, Documents & Customs Clearance Department, Planning & Finance Department, Import & Export Department, Investment Management Department and Funds Management Department, under which there are 28 trading subsidiaries and 10-odd share holding companies, including such trading type of companies as Fujian Hua Min Overseas Employment Service Center and Fujian Hua Min Medical Equipment Co., Ltd. and six other import and export companies based in Shanghai, Jiangsu, Xiamen, Putian, Jinjiang and Shishi, in addition to two production-and-marketing integration companies of Nanping Hua Min Automobile Fitting Industrial Co., Ltd. and Sunny Time Forestry Development (Fujian)Co., Ltd. They are engaged in the production of parts and components of automobile engines and forest resource exploitation respectively. In order to expand our overseas markets, we set up two wholly-owned subsidiaries overseas: Wide China Trading Ltd. (HK) engaging in trading business and Hua Min (Russia) Co., Ltd. engaging in the production and sale of footwear. Besides, never losing a single opportunity for diversified investments, we successfully purchased and acquired a 12-floor property, storefronts and parking places, all of which are located in Fuzhou World Jinlong Building and cover an area of 27,000sqm.