SHANGHAI LIGHT INDUSTRY AND TEXTILE GROUP IMP&EXP CO.,LTD.

Shanghai Light Industry and Textile Group Imp&Exp Co., Ltd. (the Company) is a subsidiary company wholly-owned by Shanghai Light Industry and Textile Group Co., Ltd. and was founded in 2002. The Company is seated at Room 1001, Huaxia Bank building, No. 256 of South Pudong Road, Lujiazui finance center Shanghai.

The company has an overall competitive position in the industry with RMB 8 million Yuan registered capital. It is also deemed as the window of the holding company for the international communication of information, technology, trade and management, and the frontier to expand the business worldwide with the globalization of world economy.

The company has also enjoyed a relatively high prestige and certain brand popularity among oversea customers. Meanwhile, the company has dominated an advantageous position in the textile and garment trade market both at home and abroad.

The company is now engaged in a wide spectrum of business activities including the export of fabrics, garments and other textile products, light industry products and chemical materials, the import of fabrics, textile machinery, chemical materials etc. The business scope of the company also covers such areas as the import and export, warehousing and transportation relating to other merchandise, and direct investment activities etc. The company is also involved in the international exchange activities concerning light industry and textile trade. Our company cooperates with other companies in a variety of ways including direct trade, agency business, processing with provided materials and samples, assembly with imported parts, barter trade and enterpot trade etc.

By using the geographic advantage of Shanghai—the strategic world trade center and export processing base of East China, the Company strengthened its competitive capability and expanded its business at a continuous and fast pace from the date of incorporation. To date the Company has established a long-term cooperative relationship with the various manufactures in the areas of Jiangsu, Zhejiang and Anhui etc. around Shanghai, and the stable trading partnership with these global purchasing centers of multinational companies in Europe, America, ASEAN and other countries.

As challenged by the globalization of world economy and the development of market economy reform in China, the company is now taking active measures accordingly through introducing advanced management methods into the Company. The Company aims to establish the company philosophy and management which can meet the requirement of ever-changing market and to steadily build an industrialized, collectivized and internationalized company in the near future.