History of Huangshi Northeast Electromechanical Group Co., Ltd.

1In March, 1999, Huangshi Northeast reorganized the assets of its subordinate refrigerator compressor factory. With the main operating assets of the refrigerator compressor factory as the capital contribution, Huangshi Northeast Electric Co., Ltd. was jointly established with five enterprises including Wuhan Xinhua Hardware Factory.

1July, 1999, Northeast B shares were listed on the Shanghai Stock Exchange.

On May 20th, 2000, Huangshi Northeast Refrigerator Group Company implemented debt-to-equity swap and established Huangshi Northeast Electromechanical Group Co., Ltd..

At present, Northeast Group has five subsidiaries: Huangshi Northeast Electric Appliance Co., Ltd., Huangshi Northeast Refrigeration Co., Ltd., Huangshi Northeast Foundry Co., Ltd., Huangshi Northeast Electromechanical Group Solar Energy Co., Ltd. and Wuhu Opel Electromechanical Co., Ltd.