According to the China Association of Automobile Manufacturers, in 2016, China’s auto sales ranked No. 1 in the world for 8 consecutive years as it continued to grow with a 13.7% year-on-year growth to a record high of 28.03 million units in 2016. We believe that China’s auto market will remain robust over the next few years, and we are equipped to serve that market. Our Group currently has over 1,000 customers, and continues to serve 65% of the world’s top 75 tire-makers. Our accelerators’ market share continued to grow to 31% in the PRC and 18% in the global market.
Our products are sold under the “Sunsine” brand (accredited as “Shandong Province Famous Brand”). Our customers are mainly the tire companies which rely on the automobile industry. They consist of companies such as Bridgestone, Michelin, Goodyear, Pirelli, Sumitomo, Yokohama, Hankook, Cooper, Kumho Tires, as well as PRC tire giants such as Hangzhou Zhongce, GITI Tire, Shanghai Double Coin Tyre and others.