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Lonking in China

Lonking Holdings Limited (“Lonking”) is a large construction machine manufacturer established in Longyan, Fujian in 1993 by Li San Yim, who is the representative of the 11th and 12th National People's Congress, the National Model Worker, and the Excellent Builder of the Socialist Cause with Chinese characteristics. In 2005, Lonking became the first Chinese construction machinery company listed in main board of The Stock Exchange of Hong Kong Ltd. (stock code: 3339), becoming one of global Top 50 construction machinery companies.

As always, Lonking follows its corporate governance philosophy: rely on talent and focus on management, improve quality, building world-renowned brand, win worldwide trust and stand out of strong competitors. Since establishment, Lonking has achieved rapid and steady development. Lonking's products are divided into four categories: loaders, excavators, forklifts and road machinery, totally 500+ models. Specifically, Lonking loaders have become the global leader in terms of both quality and sale. The quality of road machinery, such as excavators, forklifts and road rollers, is also at an international advanced level. Lonking has independently developed and manufactured competitive mechanical transmission components, hydraulic components and other core components. It also supports the construction of large-scale modern casting and forging production base. For instance, the high-end hydraulic valves in support of excavators have reshaped the pattern of China’s long-term dependence on imports of such components.

Lonking always maintains “one principle”, namely, sales agency system. It continuously strengthens the "three major advantages" in “quality, service and cost performance" and builds a network of Lonking products marketing service all over the world. Among 1,000+ primary and secondary agents, it fully carries out "4-in-1" sales service mechanism that integrates machine sales, maintenance services, spare parts supply and financial leasing; it fully carries out the contract management for after-sales service. In doing these, it can fundamentally ensure that the sales channel is increasingly improved and the response to after sales service is fast. Lonking set up a sales management mechanism of "basing upon facts, doing flexible operations" and continuously improves the risk management and control system, in order to ensure the steady corporate development.

Lonking has 19 wholly-owned subsidiaries in Fujian, Shanghai, Jiangxi and Henan. The manufacturing process uses the most advanced equipment from all over the world. The manufacturing process is fully under lean management according to the "Operation Guidebook". Lonking quality management system has been certified by ISO9001: 2000 and ISO9001: 2008 as well as the national military standard GJB9001-2001A.

After summarizing the previous successful experience in trans-developments, the Board of Directors has established the "Two-round Start-up" Development Guidelines for Lonking with a vision of the times and the frontiers of the international market. It fully implements the "international orientation and leapfrog development" strategy. This strategy clearly defines the goals of becoming an international first-class enterprise and "a century-old Lonking".