Wanxiang Qianchao Co.,Ltd. is principally engaged in the manufacture and sale of automobile parts. The Company鈥檚 major products include automobile chassis, suspension systems, braking systems, transmission systems, rubber sealing articles, bearings, precision components, construction mechanical components and other automobile parts, as well as assemblies. The Company operates its businesses in domestic markets and overseas markets. As of December 31, 2010, the Company had seven wholly owned subsidiaries and nine partially owned subsidiaries, engaged in the manufacture of automobile components and forgeable products, as well as steel trading business.

Wanxiang Qianchao Co.,Ltd. is principally engaged in the manufacture and sale of automobile parts. The Company’s major products include automobile chassis, suspension systems, braking systems, transmission systems, rubber sealing articles, bearings, precision components, construction mechanical components and other automobile parts, as well as assemblies. The Company operates its businesses in domestic markets and overseas markets. As of December 31, 2010, the Company had seven wholly owned subsidiaries and nine partially owned subsidiaries, engaged in the manufacture of automobile components and forgeable products, as well as steel trading business.