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Introduction

China Hi Tech Group Corporation, a state-owned large-scale central enterprise supervised by The State-owned Assets Supervision and Administration Commission of the State Council (SASAC), was founded in Sep. 1998, by merge of companies under former Ministry of Textile Industry, namely, China Textile Machinery (Group) Co., Ltd., China Textile Industrial Corporation for Foreign Economic and Technical Cooperation, China Texmatech Co., Ltd., China National Chemical Fiber Corporation, China Silk Industrial Corporation etc. In Dec. 2006, CHTC has become one of the conducting companies of the Board of Directors system practicing under the supervision of SASAC, and a scientific and standard corporate governance structure being established. Currently, CHTC consists of 23 direct subsidiaries with more than 60,000 staff, in which there are 6 companies listed in the share market both in China and outside China with name as Jingwei Textile Machinery Co., Ltd. (000666) listed in Hong Kong stock market as well as in A share market in China, CHTC KAMA Co., Ltd. (900953) listed in B share market in China, Swan Fiber Co., Ltd. (000687), China Garments Co., Ltd. (000902) and Shandong Helon Co., Ltd. (000677) listed in A share market in China, Fong's Industries Company Limited (HK.00641) in Hong Kong share market. All the companies are broaden in more than 20 provinces in China and 20 countries and regions abroad.

 

CHTC operates its major business in three fields textile machinery, textile & trade, commercial vehicle, which could be further divided into six business units, i.e. textile machinery, textile production & trade, new fiber material, commercial vehicle & heavy machinery, real estate &culture creativity and finance & investment. In the six business units, the textile machinery is the core business of CHTC’s, with a series of international famous brands, “Jingwei Textile Machinery”, “CHTC Heavy Industry”, “”, “AUTEFA”, “FEHRER”, “F.O.R”, and“OCTIR”etc. CHTC’s textile machinery business is No.1 in China and the size is first in the world, which plays an important role in keeping and increasing the competitiveness of China textile industry in the world market. The textile production & trade is CHTC’s traditional dominant business with strong brand influence both in China and outside China. New fiber material business is the CHTC’s new and developing business, focusing on the development of new fibers characterized with high technology and environment-friendly by means of modern science and technology. As a main business unit in CHTC’s business, products of commercial vehicle & heavy machinery consist of commercial vehicle, engine, construction machinery and general machinery, etc. The business owns a series of famous brands including “Kama”, “Laidong”, “Hi-Tech Truck (Hubei Xinchufeng)”, “Bonluck”, “CHTC Jove Heavy Industry” and “Leader Auto”, etc. Meanwhile, the real estate &culture creativity and finance & investment is a strategic business giving assistances to the development and profitable for the three major businesses fields, with a famous brand, “Zhongrong International Trust”.

 

With company’s ideal “For the People, For the Life”, the core values of the company “Achievement, Regulation and Credibility” as well as the company’s spirit “Cooperation, Innovation and Excellence”, CHTC would be the first class company with strong global competitiveness, to become the largest company with the strongest profitability and influences in the textile machinery manufacturers in the world, and one of the most significant supplier in the segment markets of the textile products & trade and new fiber material, as well as one of famous commercial vehicle suppliers and leaders of its segment markets.

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