Relevant background information of Hefei Rongan Power Machinery Co., Ltd.

Jiangsu Rong Sheng Investment Group Co., Ltd. (hereinafter referred to as Rong Sheng Investment) is a large enterprise group whose main business is the construction of ship and ocean engineering projects. Rong Sheng invested in marine equipment manufacturing base, which is located in Changqingsha section of Rugao City, Nantong, including shipbuilding, marine engineering, machine building, ship repair and steel machinery, with a total investment of about11900 million yuan and an area of about 10000 mu. Upon completion, it will form an annual shipbuilding capacity of 5 million tons and annual sales of 4 billion US dollars. Rong Sheng investment takes "China leading, world-class" as its vision, "customer satisfaction, shareholder satisfaction, employee satisfaction and community satisfaction" as its mission, and "honesty-oriented, earnest implementation, solidarity and mutual assistance, continuous learning, active creation and pursuit of Excellence" as its entrepreneurial spirit. Facing the future, the company will join hands with all walks of life to build a world-class shipbuilding enterprise and realize customers, shareholders, employees and enterprises. Hefei Rongan Power Machinery Co., Ltd. is a holding company invested by Jiangsu Rong Sheng Investment Group Co., Ltd., which was established on August 6, 2007. Is a large-scale heavy industry enterprise which mainly produces marine low-speed diesel engines and large-scale parts processing. It is the 86 1 project of Anhui province and the 2008 1 project of Hefei city. The first phase of marine low-speed diesel engine project was approved by the National Development and Reform Commission on March 6th, 2009. It is the first private enterprise in China to produce marine low-speed diesel engines approved by the National Development and Reform Commission. The company is located in Hefei Rongan Ship Supporting Industrial Park, Hefei Economic and Technological Development Zone. Chai 0 Oil Engine Project covers an area of 856.46 mu with a total investment of 4.596 billion yuan, and started construction on February 28th, 2007. It is estimated that after the project is put into production, the annual output of low-speed diesel engines will be 189 sets, with 5 million horsepower, and the annual output value will be10 billion yuan. Company and the world's most authoritative W&; AumlRTSIL & ampAuml and man b &；; W diesel engine company signed a production technology license agreement. In order to make the company develop steadily and have its own core competitiveness, the company plans to set up "Rongan Marine Diesel Engine Engineering and Technology Research Institute" in Hefei. The company arranges and organizes production according to the modern, professional and large-scale assembly plant mode, establishes the strategic alliance relationship between the main engine plant and the supporting plant, and selects the most advanced key machinery and equipment at home and abroad, so that the company has the strength to compete with foreign first-class diesel engine manufacturers.