Weihai Huadong Automation Co.,Ltd (China)

Approved by Shandong Development and Reform Committee, Weihai Huadong Automation Co., Ltd. was established in March 2002 and reconstructed into a limited liability company in December 2004. The company was listed on Shenzhen Stock Exchange in June 2008. It is principally engaged in manufacture and distribution of machines. The company’s major products are numerical control gantry machine tools, ordinary machine tools and castings, among others. The products are widely used in railway, automobile, airspace, metallurgy, iron & steel, war industry and exported to many countries and regions such as the United States, Brazil, Germany, Taiwan, India, etc. During the year ended December 31, 2009, the company obtained approximately 78.4% and 13.1% of its total revenue from numerical control machine tools and ordinary machine tools, respectively. The company distributes its products in domestic and overseas markets.