Jiangxi Huahong Automobile Co., Ltd.

Huahong was founded on August 15, 1994. In 2002, it entered the automobile sales and service industry, and in that year, Jiangxi Huahong Automobile Co., Ltd. was established. In 2011, Jiangxi Huahong Automobile Group Co., Ltd. was founded. To date, the Group has 4S stores for luxury automobile brands such as Mercedes-Benz and Audi, as well as mid-to-high-end automobile brands such as FAW-Volkswagen, Beijing Hyundai, and Dongfeng Peugeot, along with subsidiaries in car rental, used car exchange, real estate, and more. After years of development, Huahong has become a mid-to-high-end automobile brand sales and service group in Jiangxi Province. Huahong is rooted in the development of the automobile industry, aiming to build a 'century-old brand'. In order to plan for the long term, envision the future, enable the enterprise to become stronger and larger, allow Huahong's employees to live with more dignity, and achieve sustainable development of the enterprise. To better benefit the vast number of employees from the company's development achievements, the company's shareholders' meeting formulated the 'Huahong Automobile Group 2015 Strategic Plan', which clearly defines the company's two major vision goals: 'to become the most influential enterprise in the automobile sales and service industry' and 'to become the most attractive enterprise in the eyes of employees'. The company aims to achieve rapid development within 5 years. Through two major projects—increasing employee income and ensuring employee housing—the interests of employees and the company are closely integrated to achieve the established business objectives and lay the foundation for the company's sustainable development. The basic contents of Huahong Automobile Group's '2015 Strategic Plan' include: 1. The '531' business objective: to achieve a business scale of more than 30 automobile 4S stores within 5 years, with a business structure covering world mid-to-high-end automobile brands and an annual turnover of 10 billion yuan. 2. The '322' Employee Stock Ownership Association project: within 3 years, the company will organize and establish an employee stock ownership association, which will become a shareholder of the company. Employees who have worked in the company for more than 2 years and meet the conditions can become members of the association. Members of the association strive to achieve an overall income increase to 2 times the level within 3 years. 3. The '530' Employee Housing project: within 5 years, implement the employee housing project. For employees who have worked in the company for more than 3 years and meet the conditions, the company will provide them with a '0' profit commercial housing unit developed by the company. The foremost essence of Huahong Automobile Group's '2015 Strategic Plan' is to achieve Huahong's growth and expansion, make Huahong a healthy enterprise that can withstand market tests, achieve outstanding results in industry competition, and ultimately realize sustainable development. The '322' Employee Stock Ownership Association project and the '530' Employee Housing project are two basic projects in the company's '2015 Plan' outline. They are not only a manifestation of Huahong's social responsibility but also a basic guarantee for Huahong's growth and sustainable development. Business objectives and the two projects complement each other and are inseparable. In the process of implementing the '2015 Strategy', we firmly uphold the corporate purpose of 'integrity first, forging a century-old Huahong', focus on corporate culture construction and talent cultivation, adhere to seeking truth from facts, scientific development, and people-oriented principles, neither blindly pursuing speed nor hesitating to move forward, ultimately achieving sustainable development and continuous growth of the enterprise, and enabling employees to live in peace, work happily, enjoy prosperity, and happiness!