Brief introduction of Huayu Automobile System Co., Ltd.

At present, the company is the largest inter-provincial long-distance passenger transport enterprise in China and the largest bus and tram transport enterprise in Shanghai. The company undertakes 60% of Shanghai's bus and tram passenger traffic, with the largest fleet in China and an absolute monopoly position in Shanghai's bus market. There are nearly 5,800 taxis, accounting for about 14% of taxis in urban areas, which is highly competitive in Shanghai. The company's major asset restructuring was completed at the end of March 2009, realizing the overall transformation from bus-based business to self-supplied auto parts business. The 23 self-supplied auto parts enterprises directly under Huayu Automobile cover three business segments: interior and exterior accessories, functional assembly and thermal processing. Among them, most enterprises such as Yanfeng Visteon, Natiefu, Sandian Bell and Xiaonan Automobile Lamp have long occupied the leading position in domestic market segments and have strong core competitiveness.