BRIEF INTRODUCTION OF THE COMPANY
 

Shanghai HaiBo Co.Ltd , which owned by Bright Co.Ltd ,is a listed company on Shanghai Stock Exchange , referred to “HaiBo Shares” in brief, its stock code is 600708 and owns the total equity of 463,9730 million shares.

HaiBo is striving to the goal of an excellent listed company with"good performance and stability for corporation, standardized and effective management, positive and progressive culture, and employees rush to a well-off".Since 2002,HaiBo has insisted on the guding theory of “developing is of overridding importance” and “the scientific concept of development ”,implement the strategic planing of being larger & stronger,has sucessfully realized the restructuring of the business and substantially improved the company’s profitability.During the development ,HaiBo successfully realized “brand strategy” & “merger & aqusition strategy”,and completely changed the single,decentralized structure of inductrail enterprises, and intially formed a city service industry leaded by ”HaiBo Taxi” and a city logistics industry leaded by “HaiBo Logistics”. Over the past few years ,the company has formed a new potential of increasing the capital value,provided a better & faster basis for the development, deepened the”individuals managment”, and demonstrate the growing vitality of the enterprise. In the year 2007,the company achieved the sales income of 1.685 billion yuan,up 16. 8 percentage over the same period of the last year.The total profit is 209.9 million yuan,up0.08 percentage over the same period of the last year,and the net profit is 143 million yuan,basically the same of the last year. With the earnings of 0.3101yuan per share ,net capital gains rate of 14.89 percentage ,total assets and net assets has reached 2.874billion and 966 million yuan,HaiBo Co.ltd is in the forefront of Shanghai listed companies and showing a situation of healthy operation,orderly management,and stable development.
 
With the spirit of “overstep ourselves and never feel satisfaction”,HaiBo Co.Ltd has bulit the enterprise’s value into staff ‘s mind that “quality is the basis of the suvial for an enterprise and brand is our common interest” and formed a brand spirit of “excellent service quality is the basis and advocating trust as the soul”.In the year of 2008,company has finished its capital resturing with the help of Bright Co.ltd,and after resturing ,HaiBo further highlighted its main business and continusly implement a “brand” as the core development strategy,expanding its city service industy for both taxi services and modern logistics ,targeting and striving in the relevant domestic & international market.

Shanghai HaiBo Taxi Co.Ltd(“HaiBo Taxi” in brief,),whose original name is”Shanghai NGS Taxi Co.Ltd”,founded in Feb.1998,now owned more than 5,000 taxis(including taxis out of Shanghai ),rental cars and some car industries including sales,repairement,distribution,inspection and training.HaiBo Taxi is one of thefive main enterprises in the taxi industries, “Shanghai Civilized Unit”,”Shanghai Famous Brand”,”fond taxi company for Shanghai customer”,”satisfactory enterprise for Shanghai employee”, ”satisfactory enterprise for customer nationalwide”,and have twice won the satisfactory service for customer nationalwide .Guided by the market,based on Shanghai,and forwarded to the whole country,”HaiBo Taxi” has now built its taxi companies in Nanning of Guangxi Province,Nanjing of Jiangsu Province,Qiangdao of Shandong Province,and in the year 2005,it has ranked top 500 in chinese service industry.

Symbolized as”blue sky & white clouds”,HaiBo Taxi set its goal as “all rivers run into the sea ,adopt ing good advice from all quarters”, welcome and make contribution to World Expo.It always adheres to the service principle of "let the public feel civilization, let passengers feel satisfaction,"“HaiBo Taxi” has fostered more than 2,400 mid-high –star taxi drivers,built an excellent team reprensented by some advanced individuals such as Yang Zhiming “the model worker of national transportation system”,Zhao Dehua,”the model worker of national construction system”,Gao Jianguo,”the model worker of Shanghai”,Lu Shibin,Xie Youqing,Cai Lihua,”the taxi star drivers ”. Chinese-foreign passengers are satisfied , feel comfortable & relaxed with the decent ,trustful service which staff in “HaiBo Taxi” showed. As the glorious civilization propagator of Shanghai ,they will make great efforts to make HaiBo taxi be the first choice for the citizens and the realization of the excellent brand in modern city service.

Shanghai HaiBo Logistics CO.LTD,(ab.HaiBo Logistics),was established on Apr.2003,started with transportation , HaiBo Logistics committed its development of science as the foundation,the intergrated logistics industry as the base,providing for the customers with transportation,packing,storage,processing, distribution and international freight forwarding services.

After five years development,HaiBo Logistics has took shape.HaiBo Logistics CO.LTD,Sibansai Logistics CO.LTD, and Shanghai Jinzen Investment Management CO.LTD, has jointly established HaiBo Sibansai International Logistics CO.LTD ,HaiBo Logistics has invested 235 million for the land covered 170 acres in Yangshan Port Bonded Logistics zone, and founded an area of 90 thousand square metres bonded storage base,It devoted to developing a new brand in Chinese auto & logistics industry.

HaiBo International Transportation Angency has a young team with experienced ,high-educated shipping staff,who has the positive work,warm service and excellent service quality. It has good relationship of cooperation with other main shipping companies,Meanwhile,supported by its storage port,170 acres of large bonded warehouse adjacent to YangShan Deep Water Port and together with the its complete logistics system, HaiBo International Transportation Angency has become a complete and efficient modern logistics team.

Shanghai HaiBo Granville International Logistics Co.Ltd,invested by “HaiBo Logistics”,has provided customer with a continuous line of service for storage ,especially have the advantages in the area of dangerous goods logistics and air transport angency,which expanded a new developing channel for its overall development .

HaiBo Logistics have gain the qualification of international forwarding,transport of dangerous goods and vehicles which supervised by customs,owned 264 urban cargo taxis,35 urban moving cars,nealy 200 container lorries and other cargo trucks ,HaiBo Logistics have won more than 3,000 ton transport capacity. It has HaiBo Forwarding Company and HaiBo Moving Company in Shanghai to provide services for citizens and enterprises.In the northen industrial zone along the Yangtze River,it has Zhabei Transport Court and HaiBo container Port Co.Ltd,which located in the main inland water way In Hangzhou Bay along the southern industrial zone, HaiBo will develop new integrated logistics base near the port.HaiBo Logistics advocates “customer first,credit first,safety & punctuality ” as its principle of service,with the advanced computer networks and satellite positioning technology,HaiBo Logistics is striving to expand the market to build anexcellent brand with large-scale,high efficiency and high quality.

Shanghai Silede Stainless Steel Co.Ltd,owned by HaiBo Logistics ,is a Shanghai-HK joint venture which was established in 1991,It is the first enterprise which products stainless insulation cups in China,it has won the golden cup on the fifth Asia-Pacific Expo,and has won “shanghai famous brand” for consecutive five years.Furthermore,in the year 2005,it has won the “ China first10 well-known brands of stainless insulation cup(pot) ” The products have more than 200 kinds with 8 series,and have been saled to over 40 countries and regions such as Europe,United States,Janpan,Australia .Its “Camel”brand has become the famous brand in the international market, with the scale of production,quality of products,exportation are in the front of the industry,”Silede” has won “Shanghai famous brand ” with its annual sales of 150 million yuan.

Shanghai ShenHong refrigerated storage and transportation Co.Ltd ,owned by HaiBo Logistics,was established on Mar.24,1998.ShenHong company itself owned cold storage on Teangyue Road,Neijiang Road,Jungong Road,Hegang Road,refrigerated transport motorcade ,(originally is the the first, second third,fifth freezing factories which owned by Shanghai Food Import & Export Co.Ltd),and Shanghai ShenHong Food exchange market which located on cold storage of Jungong Road.

Shanghai ShenHong refrigerated storage and transportation Co.Ltd is one of the largest scale and tonnage for frozen logistics enterprises in Shanghai.It has 4 frozen warehouse with each capacity 30,000 ton and 1 ordinary warehouse with the capacity 5500 ton.In the future,ShenHong will gradually change its management mode,extend its storage function to the upper & lower reahes,and establish a cold-chain logistics system with its continous service of receipt,distribution,and delivery to expand its scale of business and enhance the added value,thus can lay a solid foundation for being the main force of low-temperature in Shanghai.

HaiBo will focus on the objectives and tasks raised by ”11.5 Development Planning ” and will continously promote the development as the core of “brand strategy”,acelerate the optimization of enterprise assets structure, and will continously praise the people’s management strategy of”respecting for people,caring for people,inspiring for people”,strengthen the cohesion and centripetal forces of the enterprise,highlight the main business and change the mode of development to enhance the profitability and achieve the sustainable development. HaiBo will adhere to optimize business industry strategies and investment structure,adhere to the organic intergration of enhance for the core competitiveness and its expansion to rapidly eapand its business scale and enhance their competitive advantage to make itself be a well-known brand in China taxi industry. Meanwhile,HaiBo will take the opportunity that Shanghai will vigorously develop modern service and build an international shipping center ,to enlarge its business scale and enhance the added value in logistics industry. Through actively integrating into the overall food development of Bright Group, HaiBo will provide a complete set of service for the development of Bright Group and will form an effect that HaiBo develops together with the food business of the Group. HaiBo will drive its resources integration through its business integration and thus form the effective resource flow of the whole HaiBo logistics and enhance the core competiveness,brand image and market value,to be an excellent brand with large-scale & high efficiency .

HaiBo Co.Ltd will continue to insist on the enterprises’ spirit of “ overstep ourselves and never feel satisfaction” and together with the firmed belief of “make HaiBo strong,glorious , bright” and with the spirit of ” all rivers run into the sea ,adopting good advice from all quarters” in mind,focusing its development, and HaiBo will further emancipate its mind,looking for a new starting point and seizing new opportunities to seek for new development and realize new breakthrough. During the “11.5 period”,HaiBo will go to a step further on its management scale and ecnomic benefits with its loyalty,dedication,hard work, innovation to give bigger rewarding to the shareholders,more benefits to the employees,and therefore make greater contribution to society.