SHANDONG WANDA BOTO TYRE CO.,LTD

Wanda Group was founded in 1988. Upholding the corporate vision of “bringing together the essence of technology and building a century-old Wanda,” and guided by the Scientific Outlook on Development, the Group focuses on its medium- and long-term strategic development goals of “strengthening leading industries, creating renowned brands, building a ten-billion-yuan enterprise, and forging a century-old Wanda.” It vigorously promotes its twelve-character business philosophy of “integrity, innovation, management, talent, profit, and dedication.” It has now developed into a large national enterprise group with total assets of more than RMB 6 billion, covering an area of over 3 million square meters, employing more than 5,000 people, and owning three major industrial parks and five specialized companies. Its business covers four major industries: electromechanics, chemicals, tires, and real estate development. The company has successively won honorary titles such as the National May 1st Labor Award, National Civilized Enterprise, National Key High-Tech Enterprise, National Enterprise Honoring Contracts and Keeping Promises, Top 500 Large Industrial Enterprises in China, and 2007 Top 500 Competitive Large Enterprise Groups in China (ranked 6th). In 2007, the Group achieved an output value of RMB 10.7 billion, sales revenue of RMB 10.6 billion, profits and taxes of RMB 960 million, and foreign exchange earnings from exports of more than USD 64 million. Shandong Wanda Tire Co., Ltd. is located in Wanda Group’s High-Tech Industrial Park, covering an area of 320,000 square meters, including 170,000 square meters of factory buildings. It is a large domestic enterprise specializing in the production of all-steel radial tires. The company currently has more than 1,500 employees, with personnel holding college degrees or above accounting for 48%, including more than 260 intermediate and senior professional technicians. Wanda Group’s all-steel truck and bus radial tire project has a planned total investment of RMB 3 billion and will be built in phases to achieve an annual production capacity of 3.6 million sets of all-steel truck and bus radial tires. Since 2003...