CITIC International Tendering Co., Ltd.

CITIC International Tendering Co., Ltd. is a professional tendering company under CITIC Group Corporation. China CITIC Group Corporation is a comprehensive group company founded on October 4, 1979, by Mr. Rong Yiren, former Vice President of the State, at the personal initiative and approval of Deng Xiaoping, the chief architect of China's reform and opening-up. After two decades of development, CITIC Group has become a large-scale internationalized multinational enterprise group. CITIC Group currently has 38 subsidiaries, with business mainly focused on finance, industry, and other service sectors. In addition to domestic business, it also operates in Hong Kong, the United States, Canada, Australia, New Zealand, the Netherlands, among other countries and regions; the company has also established representative offices in Tokyo, New York, and Frankfurt. As of the end of 2005, CITIC Group's total assets amounted to 799.4 billion yuan, with after-tax profits of 4.68 billion yuan for that year. On March 1, 2001, upon approval by the Ministry of Foreign Trade and Economic Cooperation of the People's Republic of China (Document No. 044, Guo Zhao (Jia)), CITIC Group obtained the 'Class A Qualification for International Tendering of Mechanical and Electrical Products', and on March 8 of the same year, CITIC Jingwei Business Co., Ltd. was formally established as the dedicated tendering institution of CITIC Group to conduct international tendering business. In October 2004, with approval from the State Administration for Industry and Commerce, the company name was changed from CITIC Jingwei Business Co., Ltd. to CITIC International Tendering Co., Ltd. In 2006, with approval from the Ministry of Finance of the People's Republic of China, CITIC International Tendering Co., Ltd. obtained the 'Class A Qualification for Government Procurement Agency of the People's Republic of China' and was rated as one of the most popular tendering agencies of 2005 in the selection activity hosted by China International Tendering Network as a third-party media. In March 2008, it obtained the 'Class A Qualification for Tendering Agency of Construction Project' issued by the Ministry of Construction. In April 2008, it obtained the 'Class A Qualification for Tendering Agency of Central Investment Projects' issued by the National Development and Reform Commission. Relying on the overall advantages, credibility, and strength of CITIC Group, CITIC International Tendering Co., Ltd. learns from the advanced experience of various tendering companies and has assembled a group of well-trained, experienced professionals proficient in tendering and bidding laws, regulations, and relevant expertise. Since its establishment, the company has undertaken numerous tendering and procurement projects, making positive contributions to China's economic construction and development. At the same time, CITIC International Tendering Co., Ltd. continuously accumulates experience, explores and innovates, enriches knowledge, and extends service areas in practical work, providing professional services and consulting to project entities at various stages including pre-project preparation, tendering, procurement, customs declaration, transportation, and claims, winning widespread praise from both new and old clients. While inheriting the CITIC style of China CITIC Group Corporation—'obeying laws and disciplines, integrity, pragmatism, innovation, modesty and prudence, unity and mutual assistance, diligence and forging ahead, and swift action'—CITIC International Tendering Co., Ltd. also adheres to the corporate philosophy of 'service, integrity, and efficiency.' At every step of the tendering process, the company strictly complies with relevant laws and regulations such as the Tendering and Bidding Law and the Implementing Measures for International Tendering of Mechanical and Electrical Products, conducting international tendering in accordance with the principles of 'openness, fairness, and justice' and a responsible spirit, serving enterprises and all parties involved in tendering with enthusiasm, seriousness, and professionalism. Meanwhile, all work adheres to the requirements of the ISO9001 quality certification system, adopts strict quality control measures and advanced modern corporate management systems, and conducts scientific and reasonable management of completed and ongoing projects to ensure the legality, transparency, and fairness of tendering and bidding activities.