Xinhai shares introduction

Ningbo Xinhai Electric Co., Ltd. (hereinafter referred to as the company) was formerly known as Ningbo Xinhai Investment Development Co., Ltd. and Cixi Huacheng Mould Manufacturing Co., Ltd., which was established in June 2006 1993 with a registered capital of 518,000 yuan. After a series of equity transfer and capital increase from 1993 to 2002, the registered capital of the company increased to150,000 yuan, and the shareholders of the company were changed to 33 natural persons.