NINGBO HUAMAO INTERNATIONAL TRADING CO., LTD.

Ningbo Huamao International Trading Co., Ltd. (the predecessor is Zhejiang Huamao International Co., Ltd.) is the diversified foreign trade circulation enterprise contributed by Huamao Group Co., Ltd., approved by Ningbo Foreign Economic and Trade Committee and established based on modern enterprise system. The company, founded in September 2005, is one of Top 500 privately operated foreign trade enterprises in China and Top 100 enterprises in service industry in Zhejiang Province. As the bond of exchange between Huamao Group Co., Ltd. and worldwide leading idea and products, Ningbo Huamao International Trading Co., Ltd. bears historical mission and it is the important component of diversified industrial development pattern of Huamao Brand. Besides Ningbo Huamao International Trading Co., Ltd., Huamao Group Co., Ltd. also has 30 wholly owned and shareholding subsidiaries and schools with over 2300 employees, including a level-1 key middle school in Zhejiang Province, the first CITA authentication school in Zhejiang Province, Ningbo Huamao Foreign Language School (kindergarten to senior high school) which is the first IB international school in Zhejiang Province, Beijing Qisehua Education Development Co., Ltd., Zhejiang Huamao Real Estate Development Co., Ltd., Huayuan Shareholding (US), Ningbo Dongqian Lake Huamao Hilton Resort, Huamao Art Gallery and Research Institute; in addition, it is one of major shareholders of Bank of Ningbo. The operation scope, comprehensive economic benefit and other indexes of the group rank the top in the same industry nationwide for many continuous years; in addition, it has been awarded as Top-100 enterprise in Ningbo and Top-50 enterprise taxpayer (the annual tax payment is over 100 million Yuan) in Ningbo for many years. It is the A-quality, A-service and A-reputation enterprise in China and its “Qisehua” trademark is the only well-known trademark in teaching instrument industry in China.