Development prospect of Guangzhou Otis Elevator Co., Ltd.

In order to enable customers in China and even the Asian market to obtain Otis' new technology and services faster and better, Otis China Engineering R&D Center was established in Tianjin on 1999, which is responsible for developing, researching and transforming Otis' global technology and producing products suitable for China's national conditions and meeting the needs of the entire Asia-Pacific market. Whether it's an exquisite two-story home elevator or a skyscraper with hundreds of meters, all brands of Otis elevators have the safest, reliable and beautiful personalized solutions to meet the needs of different customers. China Otis Elevator Group has also been actively participating in social welfare activities, mainly including vehicle safety education, Otis Special Olympics volunteer project, charitable fund-raising and other forms. In addition, Otis has been recognized by the government and all walks of life in major cities across the country, and won the honor of being one of the top ten most respected foreign-funded enterprises in China, a national enterprise with double guarantee of product quality and after-sales service, and a gold medal of customer satisfaction. The group's major brands in China have also been recognized by China Quality Inspection Association and China Consumers Association for their excellent services for many years. Otis Elevator Company is a wholly-owned subsidiary of United Technologies Corporation (UTC), which ranked 149 in the Fortune 500 in 2002. In 2002, Otis Elevator Company created an operating income of US$ 28.2 billion, and has more than 2,000 branches in more than 80 countries 15.5. Otis Elevator Company, as a subsidiary of UTC, enjoys the advantages of UTC, and thus has extremely rich resources in engineering, product testing, procurement, marketing and information systems.