Zheng Tong Auto successfully listed on the main board market in Hong Kong. After obtaining listing financing, we opened a number of new stores and expanded our distribution network during the year.
In order to further strengthen the relationship with automobile manufacturers and supplement the automobile distribution business, the Group also established the automobile logistics business. On the basis of the existing automobile distribution network and logistics service business, the Group has also set up lubricant trading business to meet the growing demand of China automobile industry and strengthen the after-sales service of customers in 4S shops.