Introduction of Guangdong Hongte Precision Technology Co.

The company is a modern enterprise specializing in the production of aluminum alloy die castings, is a national high-tech enterprises, the existing staff of more than 1300 people, including more than 300 engineers and technicians. The company is mainly engaged in the production and sale of aluminum alloy die castings for automobile engines and gearboxes, as well as aluminum alloy die castings and gravity die castings for communication products, and the products are exported to Europe and the United States and other countries directly in addition to domestic sales. The company has strong financial strength, advanced equipment, currently has 250T to 2000T advanced die-casting machine nearly 30 sets, as well as 150 sets of CINCNNATI, HAAS, FADAC and other international advanced precision machining centers production equipment, in order to cooperate with the company's long-term development of the construction, and recently imported a number of international advanced level of vertical machining center. In addition, the company is also equipped with advanced testing equipment and tools, including spectrometers, X-ray flaw detectors, three-coordinate measuring instruments, as well as a large number of special, general-purpose measuring and inspection tools. The company attaches great importance to product quality, the implementation of the TS16949 system, and in July 2005 obtained the ISO14001 environmental system certification, in May 2006 obtained the TS16949 quality system certification. Since put into production, with perfect quality assurance production system, the company produces all kinds of high-quality aluminum alloy die casting, automobile engine and communication spare parts and so on to get the majority of merchants, quickly get Ford, Guangzhou Honda and other famous automobile companies, and in recent years and the new increase in the United States Cummins, Mazda's project, at present, is the first-class supplier of many world-renowned automobile manufacturers, and is the Ford Motor Co. Q1 supplier. This year, in the face of the new requirements of the economic environment, enterprises to effectively increase investment in scientific and technological innovation, focusing on the introduction, digestion and absorption of technology on the basis of transforming the mode of enterprise development, and vigorously enhance the ability of enterprises to independent technological innovation, the establishment and improvement of the technological innovation system and operational mechanism with the enterprise R & D center as the core, the company respectively carried out the "automobile engine thermostat assembly production technology transformation", "automobile Automated die-casting production line of automobile engine parts and components technology transformation", "ultra-low-speed die-casting of automobile engine transmission bracket parts technology transformation" and "the use of aluminum-magnesium alloy die-casting of automobile chassis parts of technology development and industrialization projects" and other technological innovations, greatly enhancing the ability of the enterprise's independent innovation and sustained competitiveness. In order to expand the production needs, the company increased investment of 40 million yuan, additional die-casting equipment, processing equipment, improve the melting machine, shot blasting machine, general machine tools, sand blasting machine and other equipment, improve production capacity, expand the scale of production. 2009 the company's output value of 260 million yuan, generating more than 23,640,000 yuan in taxes.

In order to expand the redevelopment, the company actively promote the listing of enterprises, the company has successfully completed the company's share reform, the company's name was changed to Guangdong Hongte Precision Technology Company Limited, and held the company's first shareholders' meeting, the election of the board of directors. The company's listing information in January 2010 submitted to the Securities and Exchange Commission for review, is expected to be listed in the first half of next year.