Frestech

In the list of the Top 500 Industrial Enterprises, Comprehensive Assessment 95' announced by the state commission of Economy and Trade and the State Bureau of Statistics, Xinfei, ranked 17th, leaped to first place in the national refrigerator industry rankings.

Xinfei's development is gaining momentum with its comprehensive economic indices showing an annual increase of 40%.

It has become the biggest production base of refrigerators in China with its market share reaching 13%.

This increase included the Group’s additional 39% equity interest in Xinfei acquired in January 2006.

[2] Since 2006, Xinfei has sponsored the "Frestech Pan Delta Super Racing Festival" and the 2007 FIA GT Championship China Round, both are motorsport events held at the Zhuhai International Circuit.