Wuxi Weifu Group Co., Ltd.

Wuxi Weifu Group Co., Ltd is a large diversified company. As an investment representative of state-owned assets, it at present possesses 10 branches, 6 wholly-owned subsidiaries, 4 majority holding companies, and also has equity interests in some sino-foreign joint ventures and domestic enterprises. The Group principally produces fuel injection equipment for internal combustion engine used in automobiles, tractors, ships, construction machinery and power generators, and also produces automotive catalytic converters, automotive air-conditional systems, hydraulic elements and various spring. It is also engaged in the operation of auto parts, real estate, etc. It has a total assets of RMB 2.692 billion and 8500 employees. Its core enterprise, Weifu Fuel Injection Co., Ltd, has been an A and B Shares listed company in Securities Exchange with excellent results.

From the first local-made nozzle in 1958 to the common rail system with a high pressure of 120MPa in the year 1999 Weifu Group has achieved a sustained development for near half a Century. Its products are mainly supplied to more than 100 major Chinese automobile manufacturers and diesel engine manufacturers through direct sales and through a nationwide network of over 1, 300 wholesalers and distributors, partially exported to foreign regions including America, Southeast Asia and Middle East, etc. At present, 50% domestic diesel engines were applied for automobiles through Weifu's products. Day in day out, all over the country, Weifu's products prove their safely and reliability with a coverage of 5 categories and over 400 specifications.

The Group always focuses attentions on providing its customers with high-quality products and service. The establishment of the State Technical Center and Post-doctor Working Station in Weifu is a landmark for Weifu's innovation. After IW pump and PW pump applied to diesel engines in line with Europe I Emission level were successful developed, the 3rd generation of the Group's products, including electronic-controlled fuel injection equipment and common rail system, is also under development now.