Our rail fastening systems have a nationwide coverage that include all Four Vertical and Four Horizontal High Speed Railway Corridors. Leveraging on a strong track record, we believe we have earned the trust from our customers and established solid relationships with key participants of the PRC railway construction industry. We have collaborated with the construction and operating units under China Railway Corporation which are responsible for railway construction and operation, and in the urban transit sector, we have supplied to major metro construction companies and/or operation companies in 26 out of the 28 cities in the PRC which have metro systems in operation.
China’s urban rail transit construction, according to Frost & Sullivan, is entering into a period of high growth. According to National Development and Reform Commission, as of the end of 2015, 25 cities in the PRC have metro systems in operation, over 30 cities in the PRC have received approval from the national government on their latest construction plans and more than 40 cities have completed or drafted their respective urban rail transit plan, ranging from metro network expansion in Beijing, Shanghai, Guangzhou, Shenzhen and other provincial capitals as well as new network construction in smaller cities. We believe we will benefit from the growth of city metro construction.