The Historical Evolution of Qingdao Teruide Electric Co., Ltd.

Our company is a foreign-invested joint-stock company established by Qingdao Teruide Electric Co., Ltd. (hereinafter referred to as "Teruide Limited"). With the approval of Qingdao Foreign Trade and Economic Cooperation Bureau's Reply on Agreeing to the Capital Increase and Restructuring of Qingdao Teruide Electric Co., Ltd. into a Joint-stock Company with Foreign Investment (MOFTEC Letter [2009] No.470), Teruide Co., Ltd. is based on the audited net assets of 65,438+00,435 800 yuan as of June 36, 2008. On June 4, 2009, the company obtained the Business License of Enterprise as a Legal Person with the registration number of 3702 124000003 17 in Qingdao Administration for Industry and Commerce, with a registered capital of 95 million yuan.