Zhengzhou Yutong Group Co., Ltd. China (Mainland)

With its headquarter located in Zhengzhou of Henan Province, Zhengzhou Yutong Group Co., Ltd. (hereinafter referred to as "Yutong Group") is a large scale enterprise corporation mainly specialized in bus business, taking into account also some other strategic businesses such as construction machinery, automotive parts and components, real estate, etc. It is also one of China's top 500 enterprises. Zhengzhou Yutong Bus Co., Ltd. (hereinafter referred to as "Yutong Bus"), the core enterprise of Yutong Group, was established in 1963 whose predecessor is Zhengzhou Bus Repairing Factory. In 1993, it was renamed as Zhengzhou Yutong Bus Co., Ltd. Located in Zhengzhou Yutong Industrial Park, it covers an area of 1.12 million sq m with a daily capacity of over 170 unit buses. Till now, it has grown up into the largest and the most technically advanced manufacturing base of large and medium-sized buses around the world and become China's largest professional bus manufacturer with its sales volume ranked second worldwide next to that of Mercedes-Benz. Adhering to the motto of "Drive Your Value", we endeavor to provide our customers with reliable products, responding service and rewarding return. As a leading enterprise in China's bus industry, the turnover of Yutong Group reached 15 billion yuan in 2009 with a sales volume of 35,194 units of large and medium-sized buses, construction machinery and special vehicles, a rise of 11.1 percent year-on-year, continuously ranked first in the industry in terms of the enterprise scale and sales performance. For the time being, Yutong has established a complete product lineup ranged from 6m to 25m, consisting of more than 70 varieties of ordinary, medium-level and high-level products, covering various market segments including intercity buses, coaches, city buses, commuter buses, special purpose buses and so on thus making its name as the synonym of luxury high-end buses. In addition, it won Best Bus Manufacturer of the Year and Best Marketing Campaign of the Year awarded by BAAV many times. Till 2009, Yutong Group has sold over ten thousand buses abroad since it entered into the overseas market in 2003. With the overseas development idea of Focus on Brand, Technology and After-sale Service, each bus model sold to overseas has gone through several rounds of adaptive improvement and tests thus not only ensuring the reliability of products but also fulfilling the individual requirements of local markets. In order to maintain the competitiveness of our products, the annual R&D investment accounts for over 3 percent of the Group's yearly turnover. In 2008, the only scientific research institute around world, which specially focuses on experimental study of buses, was set up, providing accurate test data for the research and development of buses thus effectively ensuring the quality stability of products. The electrocoating line of bus body fully adopted German technology was put into use in 2009, which has been remarkably enhancing the anti-corrosion capability of buses. While improving the quality of its products, Yutong Group also attaches great importance to the after-sale service and service staff are available in all markets, to which Yutong buses have been sold, thus ensuring the bus operation in local areas. Today, Yutong brand has become the first choice for customers in many countries while purchasing buses, and Yutong Group will continuously strive to provide customers with quality and suitable products and become the mainstream bus provider around the world.