The Historical Evolution of Ningbo United Group Co., Ltd.

Ningbo United Group Co., Ltd. (hereinafter referred to as "the Company"), formerly known as Ningbo Economic and Technological Development Zone United (Group) Co., Ltd., was established on March 20 14 with the approval of Ningbo Municipal Commission for Economic Restructuring. 1June 1996, according to the spirit of the State Council Guofa (1995) 17, the company divested its non-operating assets. After the division, the company changed its name to Ningbo United Group Co., Ltd. and obtained the Business License of Enterprise as a Legal Person with the registration number of 330200 100 1567. 1March 3, 9971April 10 was approved by China Securities Regulatory Commission (No.72 and No.73 of the Securities Regulatory Commission (1997)) and Shanghai Stock Exchange (1997) No.0/kloc-.