Introduction to Zheshang Development Group Co., Ltd.

The company was established in April 1999, and it is a joint-stock company which was established by four companies subordinated to the original Hunan Materials Industry Group through a way of stripping high-quality assets and by the way of raising money, and it was listed in Shenzhen Stock Exchange in July of the same year (stock code: 000906). After changing name for two times and several equity changes, Zhejiang Transportation Investment Group Co., Ltd. (hereinafter referred to as “Zhejiang Transportation Group”) formally became its controlling shareholder on January 27th, 2016. Until December 31, 2017, the company’s total assets are 10,758 million Yuan, and its net assets are 2.597 billion Yuan. It ranked 194th in China’s top 500 of Fortune in 2017, and it won the title of “top 150 of golden bull award in 2016” in the 19th Chinese listed company selection. 

The company is positioned on producer services in modern service industry. At present, it mainly engages in the supply chain management, industrial finance, logistics storage and transportation, automobile sales and after-sale service and taxi operation business, and it is committed to providing customers with consultation, procurement of raw materials, inventory management, finished product sales, shear processing, logistics distribution, information management, risk hedging, asset management, and supply chain finance, financing lease, commercial insurance in each link, and other omni-directional, multilevel and personalized supply chain integration services.

In terms of supply chain management, centering on two types of customers: “capital construction” and “made in China”, the company set up a total of 13 wholly-owned/ holding subsidiaries and 12 business departments in the East China, North China, South China and the Midwest, building a perfect service network. At the same time, it set up three overseas companies in Hong Kong and Singapore, in order to vigorously expand the international business and gradually realize the integration of domestic and foreign trade. In order to accelerate the transformation and upgrading, the company actively explores the integration of industry and trade, and the processing project of wire drawing of the sea salt industry is being conducted actively and orderly. In addition, the company fully promotes the management informationization and commerce electronization, and “ZT906.COM” which was built by itself is becoming more and more perfect, and its social influence is expanding.

In terms of industrial finance, it gives full play to the advantages of provincial transportation investment and financing platform and the differentiation advantages to provide upstream and downstream customers in the industrial chain with supply chain finance, financing lease, commercial insurance and other financial services.

In terms of logistics storage and transportation, it set up standardized warehouses in Guangdong, Guangxi, Hubei, Hunan, Jiangxi, Shanxi, Inner Mongolia and other places, so as to actively propel the construction of logistics operation network, build professional logistics management platform, provide warehousing, transportation, processing and finance four in one service, and strive to build a “brand warehouse warrant” with a credibility and authority. 

In terms of automobiles, at present, it has 15 standard 4S shops, forming a chain operation of FAW, BAW, NISSAN and SAIC-GM- Wuling Automobile. Meanwhile, the company expanded the business of parelled imported vehicles, and it has been listed on top 100 of Chinese car dealer group for successive 7 years. At the same time, it has set up taxi companies in Changsha, Yueyang, Shaoyang, Yiyang, Hengyang, Yongzhou, Jishou and Chenzhou, and it has 1393 taxis. 

During the 13th five-year plan period, relying on the platform advantages of Zhejiang Transportation Group, the company met a brand new development opportunity. The company will adhere to the core value of “co-responsibility, co-heart and co- creation”, stick to the enterprise spirit of “entrepreneurship, innovation and benefit making”, take “one turning two promoting and three overcoming” as the general development principle, and regard serving capital construction and made in China as the mission, in order to actively promote the transformation development and “second entrepreneurship”, make efforts to build “industry- leading production supply chain service integrator”, and create more value for the society, industry, shareholders, customers and employees.