Xinjiang Guotong Pipeline Co., Ltd (hereinafter referred to as the "Company"), was established by Xinjiang Tianshan Building Materials (Group) Co., Ltd, Taiwan Guotong International Co., Ltd, in conjunction with Xinjiang Jinjian Building Materials Co, Xi'an Tongda Cement Products Machinery Equipment Co., Ltd. and a natural person from Taiwan, Chen Yuxiu, Fu Xueren *** 7 promoters all in cash, initiated the establishment of a foreign-invested joint-stock company. After the approval of the State Ministry of Foreign Trade and Economic Cooperation (now the Ministry of Commerce), on August 30, 2001 by the State Administration for Industry and Commerce authorized the regional administration for industry and commerce issued "business license of enterprise legal person", the establishment of the company's registered capital of 30 million yuan. After the establishment of the company, after the capital increase of 20 million shares and 10 million shares in 2002 and 2003 respectively, the total share capital of the company was increased to 60 million shares; at the end of 2007, the company was approved by the China Securities Regulatory Commission on the approval of the notice of the company's initial public offering of shares, which was officially listed on the Shenzhen Stock Exchange on January 23, 2008, with a public offering of 20 million shares of common stock. The company was listed on the Shenzhen Stock Exchange on January 23, 2008, with 20 million common shares issued. After the successive capital increase, up to now the company's total share capital of 10,000,000 shares, total assets of more than 1 billion yuan, the company's legal representative is Xu Yongping.