Company Profile of Jiangquan Industry

Jiangquan Industrial Company, formerly known as Linyi Industrial Enamel Co., Ltd., was a joint-stock limited company established by means of directional raising in December 1992 with the approval of documents No.25 and No.36 of the Linyi District Economic Restructuring Commission of Shandong Province. The company's total share capital is 28.52 million shares, of which 18 million shares are converted by the promoters with all their net assets and 1.52 million shares are internal employees. By October, 1996, the total share capital of Linyi Industrial Company had reached 68.92 million shares, including 31.12 million sponsors and 37.8 million internal employees. In November 1996, with the approval of Shandong Provincial Commission for Economic Restructuring, Lu Ti Gai Sheng Zi [1996] No.173 and No.18, Linyi Gongtang merged with Jiangquan Ceramics by absorption and merger, and the share capital of Jiangquan Ceramics was merged into the share capital of Linyi Gongtang in a ratio of 1:1, and Linyi Gongtang became the main body after the merger. In December 1996, Linyi Gongtang was renamed as Shandong Jiangquan Industrial Co., Ltd. by the resolution of the extraordinary shareholders' meeting.

in August, 1997, the Shandong provincial commission for restructuring the economy confirmed the company as a joint stock limited company established by way of public offering with the document Lu Ti Gai Han Zi [1997] No.128, and the Shandong provincial people's government issued the Certificate of Approval of Joint Stock Limited Company (Lu Zhenggu [1997] No.17), with a total share capital of 18.92 million shares, including 61.12 million promoters. The company re-registered in Shandong Administration for Industry and Commerce. In July 1998, it was passed by the resolution of the extraordinary shareholders' meeting of Jiangquan Industrial and Yibin Cement, and approved by the Shandong Provincial Commission for Economic Restructuring, Lu Ti Gai Han Zi [1998] No.71. Jiangquan Industrial absorbed and merged Yibin Cement, and the share capital of Yibin Cement was converted into the share capital of Jiangquan Industrial at a ratio of 1:.82, and Jiangquan Industrial was the main body that survived after the merger. After the merger, the Shandong Provincial People's Government issued the Certificate of Approval for Limited by Share Ltd (Lu Zheng Gu He Zi [1998] No.1), with a total share capital of 164.24 million shares, including 1.48 million shares of promoters as legal persons, 1.312 million shares of social legal persons and 62.232 million shares of internal employees. The company changed its registration in Shandong Administration for Industry and Commerce.

since its establishment, the company has given full play to the advantages of its joint-stock enterprises, accurately grasped the market opportunities, and made full use of the advantages of high-tech products, abundant raw materials, sufficient energy and low product cost, and made innovative ideas and achieved good business performance.