GROUP OF COMPANIES

Under the directions of Ningbo HuaXiang and Ningbo FengMei, FengMei Singapore has acquired the Schlemmer businesses in Asia, as well as the trademark and logo of Schlemmer. The Ningbo HuaXiang and FengMei group have appointed Ningbo Schlemmer as the management team to run and manage the Schlemmer companies in Asia.

Ningbo Fengmei Industrial Co. Ltd. focuses on investment and manufacturing in the complicated and precision injection molding parts / the vision systems / new energy vehicles' parts and other automotive related segments.

Ningbo Huaxiang Electric Co., Ltd. is a renowned system supplier in the automotive industry in China. Huaxiang's main products comprise parts and assemblies of interiors, metals and automotive electrics and electronics. Its shares are being listed and traded in Shenzhen Stock Exchange. The Ningbo Huaxiang and Fengmei group of companies are in good financial position and have excellent development capabilities and operational performance. They are fully committed to ensure that future development of the Schlemmer Asia businesses is sustainable, stable and thriving.