I. Project name: Project toward producing 20,000sets/annual heavy-duty machinery reducer

II. Project address: Huancheng Science&Technology Industrial Park of Ningyang County

III. Ways of cooperation: Solely-funded

IV. Total investment: 260 million yuan ($ 41.24 million)

V. Brief introduction to the project: This project plans to build two production lines for special engineering heavy-duty machinery reducer such as engineering excavator, crane and mixer, and four production lines for high-end excavator. And also purchase over 100 sets of imported numerical control machine and automatic welder. The first-phase project mainly builds high-standard steel structure standard production plant with a building area of 20,000 square meters, and purchases equipments and finishes modifying for production line as well.

VI. Construction conditions of the project: At present, the reducer has been imported from Japan, all the preparations are almost completed, and the project will be constructed after the land formalities complete.

VII. Analysis of the economic benefit: After the project puts into operation, it can newly increase the sales income of 600 million yuan, and profit and tax of 120 million yuan annually as well.

VIII. Cooperation unit of the project: Tai’an Lishi Engineering Machinery Co Ltd was established in 1998. It has been a comprehensive machinery company which combines research and development for product, parts processing and installation. The sales network is around many cities and provinces of China, and the major products include small loader, loaderdigger and sliding loader.

IX. Contact ways:

Contact unit: Wenmiao Street Office of Ningyang County

Person to contact: Yang Yong

Tel: 0086-538-5611178/5621858

E-mail: ningyangddk@163.com