Brief introduction of Guangzhou Automobile Group Parts Co., Ltd.

In order to improve the localization rate of the whole vehicle, the company firmly grasped the good development opportunity of Guangzhou Automobile Industry, and successively established more than ten automobile parts manufacturing enterprises through joint ventures and cooperation with internationally renowned parts enterprises-Tokyo SEAT, Denso, Bridgestone, Toyota Textile, Lintian Lianbu, Stanray, Showa, Sanye, Kappa and Toyota Trading.

In September 2005, Guangzhou Automobile Group Parts Co., Ltd. completed the shareholding system reform, and the new Guangzhou Automobile Group Parts Co., Ltd. became a Sino-foreign joint venture company. The shareholders are Guangzhou Automobile Group Co., Ltd., holding 5 1%, and Junfeng Development Co., Ltd., wholly owned by Hongkong Wei Jun Automobile Co., Ltd., holding 49%.

The enterprises invested by Guangzhou Automobile Group Parts Co., Ltd. mainly produce automobile air conditioners, seats, lamps, door trim panels, carpets, sound insulation parts, springs, aluminum solutions, aluminum wheels, shock absorbers, steering gears, motors and other products, and have initially formed series and varieties for producing interior systems, heat exchange systems, lighting systems and chassis-related parts. The products of Guangzhou Automobile Group Parts Co., Ltd. are mainly supplied to Guangzhou Automobile Honda, Guangzhou Automobile Toyota, Dongfeng Honda (Wuhan), Dongfeng Nissan Passenger Car, HNA Mazda and other automakers, and some products are exported to the United States, Germany, Japan, Southeast Asia and other countries and regions. At present, the company has developed into a relatively large-scale and influential auto parts enterprise in China, and won the fifth place among the top 100 auto parts enterprises in China in 2007, the 44th place among the top 500 competitive enterprises in China in 2008 and the 40th place among the top 500 competitive enterprises in China in 2009.

With the formation and scale expansion of three automobile bases, including Guangqi Honda, Guangqi Toyota and Dongfeng Nissan, as well as the research and development and production of Guangzhou's own brand cars, the cluster effect of Guangzhou's automobile industry is constantly emerging, and the development of Guangzhou's automobile parts industry will usher in a new spring, and Guangzhou Automobile Group Parts Co., Ltd. will also usher in greater development opportunities.