Is Ningbo Pu Tian Rubber a Sino-Japanese Joint Venture?

Yes, Ningbo Pu Tian Rubber Co., Ltd. is a Sino-Japanese joint venture. Ningbo Pu Tian Rubber Co., Ltd. (hereinafter referred to as "Ningbo Pu Tian") was established in 2003, which is an enterprise mainly engaged in research and development, production and sales of rubber products. The company was originally a Japanese-owned enterprise, but after the change of equity, it is now a Sino-Japanese joint venture. The products of Ningbo Pu Tian mainly include rubber conveyor belt, rubber inspection belt and rubber vibrating screen, which are widely used in mining, metallurgy, steel, chemical industry, building materials and other industries.