Jihua Group Corporation Limited (China)

Approved by State-owned Assets Supervision and Administration Commission of the State Council, Jihua Group Corporation Limited was founded on June 26, 2009 by Xinxing Pipes Group (the predecessor of Xinxing Cathay International Group Co., Ltd.) and Xinxing Real Estate (Investment) Development Company. On August 16, 2010 the company’s A shares were listed on Shanghai Stock Exchange. The company is engaged in the manufacture and distribution of military light industrial products and civil-use products. The company operates its businesses through uniform business, which provides military uniforms, uniforms for police and uniforms of other industries; occupational footwear, which offers rubber shoes and leather shoes; textile and dyeing business, which offers military camouflage fabrics and sweaters; leather and shoes business, which provides leather shoes and leather products, as well as protective equipment. As of December 31, 2010, the company had nine subsidiaries, which involved in the manufacture and distribution of apparels, shoes, hats, rubber products, hardware products and textile products.