Initial situation of Shandong Guanzhou Co., Ltd.

Re-registered in Shandong Administration for Industry and Commerce on July 4th 1999, and renamed as Shandong Guanzhou Co., Ltd., with a registered capital of 565,438 yuan +0.34 million yuan. In July 2006, with the approval of the resolution of the company's shareholders' meeting, the undistributed profit of the company was converted into share capital. At the same time, the original shareholders contributed and absorbed new shareholders, which increased the company's share capital to 252.68 million yuan.