Shanghai Light Industry Holding Company (Group) was established in December 1995 through the unification and system reform of the former Shanghai Light Industry Bureau and the former Shanghai Second Light Industry Bureau. It runs state-owned assets with the approval of Shanghai Municipal People's Government and the authorization of Shanghai State-owned Assets Administration Committee. It is a solely state-owned limited-liability comp anywith independent corporate capacity.

　　The registered capital of Shanghai Light Industry Holding Company (Group) is 3,800,000,000 RMB Yuan and it administrates state-owned assets with authorization 11,500,000,000 RMB Yuan. It comprises 38 groups, companies and subordinate large- and intermediate-scale enterprises, and 565 enterprises, among which some are invested by it's subsidiaries and some are invested by t he holding company but entrusted to its subsidiaries for management. It also has 169 jointly invested and cooperative enterpri ses and 11 research institutes, schools and training centers. It's staff members total 212,000 or so.

　　By the end of year 2000, Shanghai Light Industry had established a total of 169 Sino-foreign joint ventures and introduced 22,800,000,000 Yuan of gross industry output value of jointly i nvested and cooperative enterprises, accounting for 67% of the whole system. While introducing foreign investment, Shanghai Li ght Industry pays enormous attention to joint investment and co operation with multinational companies (U.S.A.: COCA COLA, ALCO A, GILLETTE, XEROX; Japan: HITACHI, DAIKIN, MINOLTA, RENGO, SUNTORY, NISSIN, KOKUYO; Europe: UNILEVER, NOVARTIS, DANON) .

　　Welcome domestic and overseas friends to make investment in our group.