Brief introduction of Hualin Tong Jia Tire Co., Ltd.

On July 3, 2003, Tong Jia Tire (China) Investment Co., Ltd. purchased Hualin Tire/KLOC-0.50 billion state-owned legal person shares through bidding, becoming the largest shareholder. This is the first case of foreign capital acquiring state-owned A shares, which has aroused widespread concern at home and abroad. Tong Jia Tire (China) Investment Co., Ltd. is a large private multinational company. 1993 entered China, and has invested more than one billion dollars in China, involving tires, rubber machinery, real estate, food processing, seafood, clothing and other fields. Tong Jia is mainly engaged in tires, ranking first in the tire industry in China since 200 1. In recent years, on the basis of Tong Jia in Anhui and Tong Jia in Fujian, Chongqing Tire Factory, Yinchuan Tire Factory and Hualin Tire Co., Ltd. were successively acquired and controlled, and five tire production bases in China were established. Tong Jia's goal is to become the No.1 tire brand in China and enter the top ten tire industry in the world.