Xinchen China Power Holdings Limited (01148.HK)

Xinchen China Power Holdings Limited ("Xinchen") is one of the leading automotive engine manufacturers in the independent branded segment of the PRC passenger vehicle, and light commercial vehicle, engine market. Xinchen develops, manufactures and sells light-duty gasoline and diesel engines used by various domestic and international passenger vehicle and light commercial vehicle manufacturers. Xinchen currently manufactures and sells 36 models of automotive engines, installed in a wide range of passenger vehicles and light commercial vehicles, including sedans, sport utility vehicles, multi-purpose vehicles, small and minibuses, small and light-duty trucks. All vehicles installed with our engines sold within the PRC meet the current National Emission Limits (National III and IV) and Phase II of the Fuel Consumption Limits, and some vehicles installed with our engines meet the Phase III of the PV Fuel Consumption Limits. Our engines have received numerous awards in recognition of their quality and performance. Among them, the brand “XCE新晨中国” enjoys high brand recognition in the PRC automotive industry and was named as one of the “Top 10 Brands for Diesel Engines” by the China Internal Combustion Engine Industry Association and China Automotive News in 2010. Xinchen believe that we are one of the few domestic light-duty gasoline and diesel engine manufacturers in China with the research and development capabilities to independently develop automotive engines.