Hebei Yichen Industrial Group Corporation Limited (formerly known as Hebei Yichen Industrial Group Co., Ltd.) established.
Entered into the PRC subway market by participating in the Nanjing subway project as supplier of rail fastening system.
Participated in the Guizhou-Guangxi Railway expansion project and supplied rail fastening system for use in tunnel in the form of a complete installation kit for the first time.
Participated in the Beijing Capital Airport Line project which was completed in 2008 and supplied pre-assembled rail fastening system for metro railways in the PRC for the first time.
Successfully tendered for the Taiyuan to Zhongwei (Yinchuan) Railway project and acted as direct supplier for high speed railway project in the PRC for the first time.
Participated in the Xiamen-Shenzhen High Speed Railway, which is a major high speed railway of the Four Vertical and Four Horizontal High Speed Railway Corridors in the PRC.
Became one of the few approved railway parts suppliers recognized by CRCC to supply high speed rail fastening systems in the PRC.
Became a joint venture partner with Tieke Shougang, which was controlled by China Academy of Railway Sciences. Pursuant to the arrangement, Gaocheng Yichen Rubber Product Co., Ltd, a then wholly-owned subsidiary of our Company, was transformed into an associate of our Company named Tieke Yichen, which was owned as to 49% by our Company and 51% by Tieke Shougang.
Collaborated with Guangzhou Metro Design and Research Institute Co., Ltd. and successfully developed and delivered rail fastening systems for the wire-free tram rails in Guangzhou, which is the first wire-free tram rail in Guangdong province.
Participated in the Shanghai-Kunming High Speed Railway, which is a major high speed railway of the Four Vertical and Four Horizontal High Speed Railway Corridors in the PRC and the first high speed railway in Yunnan Province.
Successfully tendered for the Chengdu-Guiyang high speed railway project and entered into supply agreement for rail fastening system with a total contract sum of over RMB375 million.