SHANGHAI PHOENIX IMP. & EXP. CO., LTD.

As a fully-owned subsidiary of Shanghai Phoenix (Group) Incorporated Co. Ltd., Shanghai Phoenix Imp. & Exp. Co., Ltd. ( The Company) is an industry-trade Company exclusively selling and distributing series of Phoenix Brand bicycles and parts. The Company practices the system of General Manager's responsibility under the leadership of Board of Directors. The chairman of board of directors is Mr. Wang chaoyang and the General Manager is Mr.Yu Yuefeng