Jiangxi Gandong Ramie Textile Co., Ltd, a foreign wholly owned company directly in domination of HK Fulida Fashion Co., Ltd, is member of APEC China Enterprises Joint Conference, director unit of China Bast and Leaf Fibers Textile Association, awarded as Advanced Company in Quality and Benefit in State Textile Industry, among 5000 directly reporting companies on line in China, standing 6th in bast & leaf fibers industry in China and 1st in Jiangxi Province on all the main economic indexes. In 2003, our company was awarded Pilot Industrial Company in Jiangxi Province, Leading Private Scientific & Technical Company in Jiangxi Province, Leading Agricultural Industrialization Company in Jiangxi Province, AAA Contract-oriented & Promise-keeping Company in Jiangxi Province, and Grade A Taxpaying Credit Company in Fuzhou. So we are praise as a resplendent star in the ramie textile industry.

　　For developing historical and traditional advantages, and bringing a second springtime as the success of Tangyin summer cloth in Suzhou and Hangzhou, our company is mainly engaged in the production and process of ramie, cotton/ramie blended and other textile products. At present, we have ramie filament spinning machines of 7,000 spindles, staple spinning machines of 5,000 spindles, staple OE-spinning machines of 2688 spindles, registered capital of $3,625,000, total asset of 42,800,000 RMB yuan (including fixed asset of 28,100,000 RMB yuan), 795 employees, sales revenue of 36,000,000 RMB yuan and taxpaying of 1,206,000 RMB yuan in 2002, sales revenue of 82,660,000 RMB yuan and taxpaying of 3,400,000 RMB yuan in 2003. With export benefit of $600,000, an increase by 131% in sales revenue compared with that in 2002, and an increase by 338.4% in taxpaying, we have realized the success of extraordinary development. With the feature of multi-business such as the production of ramie, ramie/cotton and blended products, our company has successively developed ramie, ramie/cotton, ramie/polyester, ramie/acrylic, ramie/silk, ramie/wool, ramie/spandex, stretch core-spun, and slubby yarn, totally nine series and 181 specifications. With self-support importing & exporting rights, having passed ISO9001, we are praised as Name Brand Product in Jiangxi Province, and National Users Satisfied Product. (ps: The newly developed TENCEL denatured ramie series product is appraised as “State Pilot New Product” by five ministries and commissions of China, and supported by State Medium Small-scaled Innovative Technology Fund.) 40% of our products are far exported in Asia, Europe, America, Hong Kong, Taiwan, totally over 20 countries and regions, trusted by users and clients at home and abroad, and become remarkable in all the ramie products.

　　Since putting into production, with first-class equipment, exquisite technology, powerful technical strength and stronger product designing and developing ability, our company has kept the business principle of “quality first, user upmost”, enforced management in quality, and built up brand consciousness. Under the quality guideline of “creating Baotang brand, leading fashion in the industry”, we exercise new thought and new concept, continuously set up talent highland, persist in high standard and strict order, form a team of excellent staff, who are hardworking, good at managing, seize techniques, and dare to innovate. We also strengthen knowledge structure for leaders in core layer, completely develop the team spirit of comity, struggle, devotion and assiduity, further raise our developing speed, add pressure to ourselves to make trial in new method, and realize the mode of modern company with clear property, rights and obligations by technical innovation, system innovation, concept innovation, regime innovation and structural optimization. We further reinforce financial strategy with financial management as core, regard preference of benefit, quality-oriented company and expanding with low cost as the most important affairs, so as to realize the target of costing less but doing more work. We advocate new idea in reform, adventurous conception in administration and excellence in HR management. Under the lead of President Lin, we pay great attention to production, scientific & technical innovation, as well as reform of technology. For achieving the purpose of talent-oriented, we continuously bring in all kinds of inspiring systems, and hold all kinds of operation competitions to roundly raise the general level of our staff. Through these measures, we elevate the capable, replace the ordinary, and dismiss the incapable, so the employees in our company will possess better qualification to accord with new situation and receive new challenging. At the same time, we further optimize the distribution of resources, fully accept advanced management experience from occidental countries for reference in marketing conception, adopt the management mode of quick response in the process of stocking and gathering. In the aspect of filling up technical renovation, we carry out expanding with low cost in China, which can not only increase cash volume but also reduce the cost of occupied capital, so as to advance towards the extraordinary and saltant developing orbit by a large step in managing level, R&D ability and scaled benefit, and further reflect lively topic of the development of market economy such as “Science and Technology is the first productivity” and “Development is the absolute principal”, as the words of Deng Xiaoping. Thus, our company succeeded in defending SARS in 2003, and dealing with impact of the “Iraq War” on international market. The practice in 2003 fully proves that our company can keep feet in severe competition in the market. Our production has stepped in the fast lane in successive years, and our technical renovation has obtained extraordinary developing speed. We have successfully developed a series of new products, such as ramie/cotton slubby yarn and stretch core-spun yarn, which shows a further increase in production level, company scale, R&D ability and science & technology content of our company. After the accomplishment of a new staple OE-spinning production line, our board of directors puts forward the struggling target in 2004: realizing the sales revenue of 150,000,000 RMB yuan and taxpaying of 5,000,000 RMB yuan. With the efforts of all staff, we believe the future of Gandong Ramie will be better.