Introduction to Yapu Auto Parts Co., Ltd.

1. Introduction to Yapu Company

Yap Company is a group company specializing in the development, manufacturing and sales of automobile fuel tank systems and a national key high-tech enterprise. The headquarters and R&D center are in Yangzhou. It has eight domestic production bases (Yangzhou, Shanghai, Changchun, Chongqing, Wuhu, Wuhan, Yantai, Chengdu) and four assembly plants (Tianjin, Nanjing, Shenyang, Haikou), and has YAP overseas. Russian Automotive Systems Co., Ltd. and Yapp Australia Automotive Systems Co., Ltd. are two wholly-owned subsidiaries and a holding subsidiary of Yapp-ZOOM Automotive Systems Pte. Ltd. in India.

Yap's main customers are: Volkswagen, General Motors, Ford, Peugeot Citroen, Daimler\Benz, Suzuki, SAIC, FAW Car and other domestic and foreign automobile manufacturing companies.

In 2009, Yapu Company achieved operating income of 1.595 billion yuan, with a cumulative sales of 2.15 million fuel tanks. In 2010, it is expected to achieve operating income of 2.3 billion yuan. Yapu Company's procurement, sales, finance, R&D and quality are under centralized management from the headquarters, and a headquarters economic structure has been formed in Yangzhou.

2. Overseas Investments of Yap Company

At present, Yap Company has accumulated overseas investments of 180 million yuan. The overseas subsidiaries are mainly local automobile companies such as Ford, Volkswagen, Supplies products to General Motors and other customers. Among them, the Indian Yapp-ZOOM company (51% of the shares, the Indian factory) was put into production in April 2010; the Yapp Russian company was put into production in July 2011; the Yapp Australian company successfully completed the acquisition of Nylex on February 26 this year. The acquisition was officially put into production in early March; Yapp's Czech project is currently in the registration preparation stage and plans to invest in building a factory in 2011. Overseas investment has become a new economic growth point for Yap Company.

3. Yapu Company’s recognition as a high-tech enterprise

On December 9, 2008, it was jointly assessed by the Provincial Department of Science and Technology, the Provincial Department of Finance, the Provincial State Taxation Bureau, and the Provincial Local Taxation Bureau. Our company was awarded the high-tech enterprise certificate.

Yap's R&D capabilities are mainly reflected in the fact that the R&D center has the most complete development methods and complete sets of testing equipment for automobile fuel tank systems in Asia, and has the ability to develop simultaneously globally. In the fields of product design, process research, experimental methods, process simulation, material analysis, information systems and other fields, they are all at the advanced level of the international industry. Phased results have been achieved in research projects such as new blow molding technology, hybrid fuel tank system, low emission system, and 6-axis road motion simulation. The laboratory of the R&D center has been nationally recognized by ISO/IEC17025 for laboratory capabilities, and the experimental reports issued by it have been recognized internationally (mutual recognition by certification bodies in 54 countries and regions).

During the process of high-tech enterprise declaration, the municipal and district taxation bureaus gave careful guidance to Yapu Company’s declaration work and strictly reviewed the application materials, so that Yapu Company’s high-tech enterprise declaration was smooth. conduct. When the corporate income tax was prepaid in the third quarter of 2008, the high-tech enterprise certification had not yet been officially issued. The Municipal State Taxation Bureau specifically approved Yap Company to prepay corporate income tax at a reduced preferential tax rate of 15%, which reduced the company's capital occupation. Before the final settlement of corporate income tax in 2008, the Development Zone State Administration of Taxation and the municipal bureau tax officials reviewed and provided guidance on Yap Company's high-tech enterprise registration materials, and provided guidance on the problems encountered by the company in the statistical process of relevant indicators. Detailed answers were provided to provide strong support for the development of the enterprise.