Proposal on Incorporation of Controlled Subsidiary was discussed and
approved at 8ths Session of 1st directors’ meeting of ISI-GF Equipment (Wuhan)
Co., Ltd.
Main contents of the proposal: to make most of our existing customer
resources, expand downstream business line, enlarge sales of welding equipments
from welding assembly business to develop synergy effect, the company is
resolved to engage in intelligent welding assembly business in the form of joint
venture with other party in automotive industry. ISI-GF Equipment (Wuhan) Co.,
Ltd will set up a controlled subsidiary company of Wuhan ISI-GF Eagle Automotive
Equipments Co., Ltd, and business scope of which includes: development, design
and manufacture of automatic production line as well as mechanical &
electrical equipments; installation and refitting of mechanical equipments;
manufacture, wholesale and retaining of position apparatuses, fixtures, molds
and gages (Special equipments not included); development and technical transfer
of automotive assembly technology; wholesale and retaining of automotive
assembling tools, wires & cables, electronic products, metallic materials,
steel structure members, automotive parts, integrated mechanical &
electrical products and accessories.