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PRODUCTION FACILITIES<br />
Shenzhen Huizhou Wujiang Tianjin<br />
• Capacity to<br />
<strong>man</strong>ufacture<br />
approximately<br />
50,000 sets of<br />
reclining sofas per<br />
annum<br />
• Current capacity is<br />
766,000 sets of<br />
reclining sofas in<br />
Huizhou<br />
•The factory in<br />
Wujiang, Jiangsu<br />
province with capacity<br />
of 300,000 sets of<br />
reclining sofas will<br />
start operations in July<br />
2012<br />
•Reduce transportation<br />
cost in mainland China<br />
market<br />
•Increase “CHEERS”<br />
popularity in Central<br />
China<br />
• Signed a contract<br />
to acquire a piece<br />
of land in Tianjin<br />
• Support the<br />
Group's revenue<br />
growth within the<br />
next 5-8 years<br />
• Further strengthen<br />
the leading<br />
position in the<br />
recliner sofa<br />
industry<br />
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