Longgong Holdings Co., Ltd. is a large-scale construction machinery manufacturer founded in 1993 by Mr. Li Xinyan, a representative of the 11th and 12th National People's Congress, a national model worker, and an outstanding socialist builder with Chinese characteristics; in 2005, it was the first in the Chinese construction machinery industry to be listed on the main board of the Hong Kong Stock Exchange (stock code: HK03339); ranked among the top 50 construction machinery companies in the world. Adhering to the corporate governance policy of “rely on talents, focus on management; improve quality, create famous brands; gain the trust of the world, and rise to the top”, the company has achieved rapid and steady development since its establishment. The company's products cover four major categories, including loaders, excavators, forklifts and road machinery, with more than 500 models. Among them, Longgong loaders, excavators, forklifts, and rollers rely on their high quality and cost performance advantages, and are favored by users; they independently develop and manufacture core components such as mechanical transmission parts and hydraulic components with core competitiveness, and have built large-scale modern precision casting and forging production bases. Among them, high-end hydraulic pumps and valves supporting excavators have changed the situation where China relied on imports for such basic parts for a long time. The company has always adhered to the “one principle” of “sales agency system”, continuously strengthened the “three major advantages” of “quality, service, and cost performance”, built a global Longgong product marketing service network, fully implemented the “four in one” sales service mechanism for machine sales, maintenance services, parts supply and financial leasing in more than 1,000 first-tier and second-tier key distribution agencies, and fully implemented a full entrustment system for after-sales service, which fundamentally guarantees the improvement of sales channels and rapid response to after-sales service. The establishment of a sales management mechanism “based on reality and easy acceptance” has been established, and the risk management and control system has been continuously improved to ensure the steady development of the enterprise. The company has 19 wholly-owned subsidiaries in four major bases in Fujian, Shanghai, Jiangxi and Henan. Production and manufacturing use advanced equipment from peers around the world; all manufacturing processes are managed in accordance with the “Operation Instructions”; the quality management system has successively passed the certification of ISO 9001:2000, ISO 9001:2008, and the national military standard GJB9001-2001A. On the basis of comprehensively summarizing past successful experiences in leapfrogging development, the Group's board of directors has formulated Longgong's “two-round entrepreneurship” development plan, fully implemented the “international positioning and leapfrog development” strategy, and clarified the direction for building an international first-class enterprise and building a “century-old dragon industry”.