Shanghai Jiabao Trade & Development Co., Ltd.

Shanghai Jiabao Trade & Development Co., Ltd., founded in July 1992 with registered capital of twenty nine million RMB Yuan (RMB29, 000, 000 Yuan), is a solely-funded enterprise of Shanghai Jiabao Industry (Group) Co., Ltd., a listed company. This Company mainly deals with the self-support and commission-based import and export of various commodities and techniques, the processing with imported materials and “three types of processing plus compensation trades”, counter trade and carrying trade, and domestic trade. At present, the Company has ten professional business departments and over 30 employees. Since being established, the Company has always given priority to the import and export of the self-support products (such as electric appliances for lighting, chemical raw materials, costume and wearing apparel, hardware and machinery, articles for daily use, etc.) of the above Group, kept one eye on the import-export agency and domestic trade, and maintained sustained and steady development in the past years. In our opinions, the profit of trade mainly depends on such factors as market development scale, company’s operating cost, and business policy, etc. Therefore, we have made the development strategies with our own particular characteristics in the business operation. Firstly, strengthen management, enhance the grade, and establish the business concept of “good faith and unity, making plentiful friends, customer first, and permanent sincerity”; secondly, adjust commodity structure, intensify the competitiveness, and increase business profit; thirdly, widen the channels, expand foreign trade, and apply various information channels to expand the import and export markets; and fourthly, innovate the mode, realize diversified development, and orientate the trade company to a comprehensive foreign trade company integrating industry and trade, and commodity trade and service trade.