On March 13th, the China Securities Regulatory Commission disclosed the “Announcement of the Audit Report of the 44th Meeting of the 17th Insurance Examination Committee in 2018”. Yapu Auto Parts Co., Ltd., (hereinafter to be referred as Yapu Auto), contracted by our Beijing business headquarters, has been successfully approved on IPO application.

The main business of Yapu Auto is the development, manufacture and sales of fuel systems for automobiles (mainly for passenger vehicles). The products are primarily plastic fuel tanks and fuel filler pipes (oil filling pipes) for passenger vehicles.