| Shareholders Introduction |
China
Hua Neng Finance Co. Ltd. (“CHNF”)  |
CHNF (previously known as China Hua Neng Finance Company")
was established in 1987, which was amongst the first batch of finance
 companies
being duly approved by the People's Bank of China. Emerged as a
non-bank financial institution and later restructured to a limited
liability company, it now boosts a registered capital of Rmb 510
million, and maintains a workforce of 54 staff. It has different
functional departments of general management, comprehensive planning,
business, accounting, investment management, credit, human resources,
compliance and auditing. Up to 2001/12, total assets reached Rmb
10.58 billion, comprising of deposits of Rmb 6 billion, outstanding
loans of Rmb 4.14 billion, and additionally, trusted loan of Rmb
3.128 billion. Since restructuring in 2000, CHNF has adopted the
business ideology of "improving consciousness to upgrade service,
enhancing management fundamentals, sharpen competitiveness",
and management objective of "service, efficiency, compliance
and innovation", that together has successfully gained the
trust of clientele based on its prudent business style and excellent
service standard. All working levels of CHNF are united in harmony,
and strive towards its mission of building a financial holdings
company. It closely follows the development path of "sustain
as a group company, servicing the group, focuses on core business,
paying attention to other business opportunities".
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