CRRC Corporation Limited ("CRRC") ,is jointly promoted by CRRC Corporation in association with Beijing Railway Industry Economic and Trade Company ,upon approval of the State Council and State-owned Assets Supervision and Administration Commission of the State Council (SASAC) . CRRC, headquartered in Beijing ,is the largest manufacturer and R&D company of locomotives ,passenger trains ,freight wagons ,high-speed trains and urban metro vehicles in China and is globally leading technology company. CRRC went public in Shanghai and Hong Kong in August 2008. CRRC Shijiazhuang Co. Ltd., founded in 1905, is one of the wholly-owned subsidiaries of CRRC. In 2015, it was completed relocated into Shijiazhuang Equipment Industry Park and it occupies an area of more than 1,300,000 m2. As a national hi-tech enterprise and one of the most competitive freight wagons refurbishment bases, the company has the manufacture and refurbishment quantification of 4 types of universal freight wagons including open top wagons, flat wagons, box wagons and tank wagons, and special freight wagons including T53, D11 military flat wagons and railway bridging (track-laying) vehicle. The annual refurbishment capacity is over 12,000 wagons and the annual manufacturing capacity is over 4,000 wagons. The company has 6 holding subsidiaries. Shijiazhuang King Transportation Equipment Co., Ltd., which is a joint venture invested by Taiwan King Co., Ltd and our company, is the largest manufacturer of rail transit air conditioner in China, and it has become the "Gold supplier" to many international railway vehicle industry magnates. Shijiazhuang CRRC Rail Transportation Equipment Co., Ltd., which is a joint venture invested by CRRC Qingdao Sifang Co., Ltd. and our company, is aiming to be an urban rail transit equipments manufacturing base and an urban green mass transit integrated solution provider, whose main products are urban metro vehicle, low floor tram car and the components. Focusing on the practical innovation for the cultivator&＃39;s harvest and the ardent care for the diner&＃39;s health, CRRC Shijiazhuang continuously develops series energy-saving grain drying and storage machines with advantage and applicability and provides one-stop integrated grain drying solution to clients.Hebei CRRC Environmental Science &Technology Co., Ltd. is engaged in developing recycling economy and the R&D and manufacture of green environmental new material. In recent years, the company actively follows the national strategy of Coordinate Development of Beijing-Tianjin-Hebei, taking the advantage of technology, talent and location, energetically develops the new industries including engineering machinery, new energy vehicle, etc. CRRC Shijiazhuang Industrial Park, which is located in Shijiazhuang Equipment Manufacturing Base, is in construction and will be ready. After the new Industry Park is put into operation, our enterprise will establish the business structure constituting wagon manufacturing and refurbishment, engineering machinery manufacturing, urban metro vehicle repairing and manufacturing, new energy automobile manufacturing, and rail transit HAVC manufacturing. We will completely enhance the core competitiveness and provide safer products with better quality and services for our customer, and become the important subsidiary contributing for the implementation of CRRC&＃39;s strategy.