Shanghai Light Industry Holding Company (Group), was established in December 1995 through the reorganization and changed in composition of its founders. Shanghai Light Industry Bureau and Shanghai Second Light Industry Bureau is an organization operating state assets which is approved by Shanghai Municipal Government and authorized by Shanghai State Assets Administrative Committee. It is a solely state-owned limited liability companywith independent legal status.

　　　　The registered capital of Shanghai Light Industry Hold ing Company (Group) is 3.8 billion RMB. It administrates authorized state-owned assets equivalent to 11.5 billion RMB. It comprises 32 companies (groups) and subordinates, among which, 572 enterprises invested in by subordinate holding companies but entrusted to subordinates for management. Besides, it has 179 joint ventures. Shanghai Light Industry has been concentrating itself onentering into joint and cooperative relations with trans-national companies.(U.S.A: COCA COLA, ALCOA, GILLETTE, KODAK, Japan: HITACHI, FUJI XEROX, DAIKIN, MINOLTA, SUNTORY, KOKOYO, Europe: UNILEVER, NOVARTIS, DANON, ZWILLING J. A HENCKELS,). Gross industry output value created by joint and cooperative ventures accounted for 69% of the holding company by the end of 2001.