Beijing Automotive Import & Export Corporation (short for "BAIEC"), founded in January of 1985, is a major and leading supplier of automobiles in China with capabilities ranging from auto manufacturing, parts supplies to technical solutions and import and export business. Its holding company, Beijing Automotive Industry Holding Co., Ltd. is one of the country's major auto production bases and among the 8 largest automobile groups in China as well. It comprises tens of production factories and research institutes to produce 300,000 entire cars per year in 3 major categories including jeeps, light-duty trucks and travelling vans. Besides, parts and fittings are offered in high quality and wide varieties to cities nationwide. BAIEC has always been active in market exploration and has established a strong overseas presence in virtually every key markets worldwide in USA, Europe, Japan, South-East Asia, Middle East, South America and Africa. We have set up numerous production bases and sales networks in 26 major cities across the country to undertake complete auto services. Besides, we are also capable in technical transfer, project bidding, joint-venture cooperation, compensation trading, license trading, tax reservation trading, and the three types of processing with provided materials and samples from foreign customers. The company's total sales volume is 600 million RMB with import and export business taking a share of 50 million US dollars. In an effort to perform better and stronger in the increasingly fierce market competition, we made an adjustment to the existing business structure by implementing adaptive new businesses that thrive in the auto industry while seeking new ways in market expansion in both home and abroad. Efforts were particularly enhanced in car selling in domestic market and real estate business. All these have strengthen our market competence and reinforced our market adaptability and risk resistant ability. BAIEC has several functional departments working under it including 4 import and export business departments, 3 auto sales departments, 2 domestic business departments, one electricity and water supply department, one labor service company, one property management department, and one administration department which comprises manager offices, financial department and comprehensive business department. BAIEC has recently contracted a cooperation with HK Dachang Trading Company by jointly establishing Beijing Beiqi Zhongyun Automobile Trading Co., Ltd. In addition, it set up in Wangjing New Technology Development Zone a large and comprehensive automobile center to present its newest car types, deliver repair service and sell parts and fittings.