Shanxi Hou Ma Yan-Metal Materials Co. Ltd. - China

The company in October 1997 to set up subordinate enterprises: the tires-Houma City Sales Co., Ltd. with a registered capital of 500,000 yuan, 50,000 sets, can all tire sales, sales 45 million yuan, and are set up with Shanxi Products Research Cherry joint venture by the plantations, with an investment of 300,000 yuan, covering 56 acres, is expected to be after three years on the market.