Xiamen Hua Min Import & Export Co., Ltd. China (Mainland)

Founded in June 1986, Fujian Hua Min Import & Export Corp. was formerly a large-scale and state-owned comprehensive foreign trade enterprise in Fujian Province. Our firm was restructured from a state-owned enterprise to a limited liability company and renamed to Fujian Hua Min Imp. & Exp. Co., Ltd. in May 2003, with the registered capital of RMB 60 million Yuan. There are currently more than 3,000 staff members in our Company. The total assets and annual turnover had reached RMB 1,500 million Yuan and RMB 6,000 million Yuan respectively by the end of 2007. There are six functional management departments in our Company: General Office, Documents & Customs Clearance Department, Planning & Finance Department, Import & Export Department, Investment Management Department and Funds Management Department. We have 28 trading subsidiaries and 10-odd share holding companies, including such trading type of companies as Fujian Hua Min Overseas Employment Service Center and Fujian Hua Min Medical Equipment Co., Ltd. and six other import and export companies based in Shanghai, Jiangsu, Xiamen, Putian, Jinjiang and Shishi, in addition to two production-and-marketing integration companies: Nanping Hua Min Automobile Fitting Industrial Co., Ltd. and Sunny Time Forestry Development (Fujian) Co., Ltd., which are engaged in production of parts and components for automobile engines and forest resource exploitation respectively. In order to expand overseas markets, our Company set up two wholly-owned subsidiaries overseas - Wide China Trading Ltd. (HK) engaged in trading business and Hua Min (Russia) Co., Ltd. in production and sales of footwear. Besides, never losing a single opportunity for diversified investments, our Company successfully purchased and acquired a 12-floor property, storefronts and parking places, all of which are located in Fuzhou World Jinlong Building and come to an area of 27,000m2. In addition, our Company has started up ventures in the exploitation of mineral resources and the development of biological science and technology. Export and Import: a leading enterprise of foreign trade and big foreign exchange earner. Our Company has instituted sound and strict systems for internal management and is in possession of a contingent of high-caliber business personnel. We took the lead in passing the accreditation of the ISO 9001-2000 Quality Control System and were granted the accreditation certificate accordingly in 2004. As one of the earliest companies to have passed the accreditation audit in the foreign trade sector in Fujian Province, our Company has built up a good image and won public praise in foreign trade industry. During the period from our Company restructuring in 2003 to 2006, our trade volume ranked the first in Fujian foreign trade enterprises in successive years and stood out the 17th place among the Fujian Top 100 enterprises. Our import and export volume totaled up to RMB 640 million Yuan, RMB 520 million Yuan and RMB 560 million Yuan from 2004 to 2006 respectively. We took the 94th and the 151st places among the 200 largest enterprises in 2004 and 2005 respectively. Hua Min Imp. & Exp. Co. Ltd. has become a leading foreign trade enterprise and big foreign exchange earner in Fujian Province through the continuous efforts made by our Company in the last few years.