Weiqiao Textile Company Limited

As the largest cotton textile manufacturer in China, Weiqiao Textile Company Limited ("Weiqiao Textile" or the "Company") together with its subsidiaries (collectively, the "Group") principally engaged in the production, sale and distribution of cotton yarn, grey fabric and denim. Having seized the opportunties to develop in China during the past *0 years, Weiqiao has grown rapidly and become a large scale enterprise. Using state of the art machinery, we have now become one of the dominant enterprises in the global cotton textile market. At present, we are the largest cotton textile manufacturer in the world and one of top***0 enterprises of China and one of top**6 super-large enterprises of Shandong province. Weiqiao Textile is located in Shandong Province, the third largest cotton-producing province of China. There are a total of 4 production areas, including Weiqiao Production Base (The First, The Second and The Third Production Areas), Binzhou Production Base (The First Production Area and The Second Production Area of Binzhou Weiqiao Technology Industrial Park), Weihai Production Base (Weihai Weiqiao Textile Co., Ltd. ("Weihai Weiqiao") and Weihai Weiqiao Technology Industrial Park Co., Ltd. ("Weiwei Industrial Park")) and Zouping Production Base (The First Industrial Park, Second Industrial Park and the Third Industrial Park of Zouping ). By December *1, ***9, our group had an aggregate gross floor area of about 4, **7, **0 sqm and approximately *7, **0 employees. We work *4 hours a day and **5 days a year. In ***9, we produced approximately **8, **0 tonnes of cotton yarn, 1, **6, **0, **0 meters of grey fabric and **5, **0, **0 meters of denim. At present, Weiqiao is in a good position in the market because of its enormous economies of scale. We are a manufacturer of cotton materials, that give us advantages in the production of cotton textile products. We now can produce over 2, **0 kinds of cotton textile products.