Sinotrans Ltd. was incorporated on 20 November 2002 and listed on Hong Kong Stock Exchange on 13 February 2003 with China National Foreign Trade Transportation Group Corporation (Sinotrans Group) as its controlling shareholder. Sinotrans Group injected into Sinotrans Ltd. its core businesses, superior assets and professional staff in China&＃039;s fast-growing coastal and other strategic regions, namely Hong Kong, Guangdong, Fujian, Shanghai, Zhejiang, Jiangsu, Hubei, Lianyungang, Chongqing, Jianxi, Anhui, Shandong, Tianjin and Liaoning. As a flagship of integrated logistics in Sinotrans Group, Sinotrans Ltd. inherited its over fifty-year rich experience in logistics transportation, strong customer base and world-renowned brand. By the end of 2007, Sinotrans Ltd. had 21, 775 employees, a total asset of 20.302 billion RMB, and a net asset of 11.356 billion RMB. Sinotrans Ltd. provides integrated logistics service to our customers including sea, air and road transportation, storage and terminal services, express services, shipping agency and freight forwarding business, mainly operated by our subsidiary companies (inc. holding companies). With our operation experience, we have developed comprehensive capability of providing solution design, organization, coordination and management. Sinotrans Limited owns sound and balanced strategic assets, namly 3, 640, 340 tons throughput capacity of self-operated terminals, 89 self-operated vessels with an aggregate capacity of 345, 099 tons, 51 container yards with an area of 1, 712, 050 square meters, 254 warehouses of 1, 020, 867 square meters, 6 RDC in Beijing, Guangzhou, Chengdu, Shanghai, Shenyang and Nanjing, 1759 vehicles of 20, 334 tons and 5 special railway lines. We focus on the construction of standard business operation platform and integrated marketing system in order to establish an integrated operation mode with specialization and cooperation, and an integrated logistics service platform based on strategic assets and backed by sea, air and road transportation system. Sinotrans Ltd. has built a network covering all over China and the major economic areas in the world. Apart from the network in China&＃039;s coastal regions and major strategic areas, Sinotrans Ltd. owns an airfreight and express service network covering major cities and economically active areas in China through its subsidiary-Sinotrans Air Transportation Development Co. ***** Through multiple service contracts with Sinotrans Group, Sinotrans Ltd. can utilize its largest network in China; through alliance with international strategic partners, Sinotrans Ltd. enjoys a comprehensive overseas network in main economic regions globally.