Xinchen China Power Holdings Co., Ltd. (“Xinchen Power”) is one of the leading automotive engine manufacturers in China's passenger car and light commercial vehicle engine own-brand market. Xinchen Power develops, produces and sells light gasoline and diesel engines, and its products have been adopted by many domestic and foreign passenger car and light commercial vehicle manufacturers. Xinchen Power currently produces and sells more than 30 automobile engines, which are widely used in passenger cars and light commercial vehicles, including cars, off-road vehicles, utility vehicles, small and mini buses, and small and light trucks. Xinchen Power's engine quality and performance have been widely recognized and won many awards. Among them, the brand “XCE Xinchen China” is very famous in the Chinese automobile industry and was rated as one of the “Top Ten Diesel Engine Brands” by the China Internal Combustion Engine Industry Association and China Auto News in 2010. Xinchen Power believes we are one of the few domestic light gasoline and diesel engine manufacturers in China with the ability to independently develop automobile engines. Recently, the Group expanded into engine assembly business and engine parts business for world-renowned bus manufacturers. The Group produces and sells core components for international and domestic passenger car engines.