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氓其样乐
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1 HUIDA SANITARY WARE CO., LTD

2 Foundedin1982,HuidaGrouphasbecomeoneofthebathroomandGrouphasbecomeoneof thebathroomandhouseholdproductmanufacturerswiththelargestscaleandtheoldesthistory over30yearsbyinheritingthechineseceramiccivilizationandadvancingthroughinnovation.it provides the public with nearly 10 million of bathroom and household products each year.its products,coveringthefieldsofceramicsanitaryware,bathroomfurniture,tiles,hardwareand faucet and accessories, cabinets, doors, etc. Products have been exported to more than 100 countries and regions and have been applied by the Beijing 2008 Olympic Games, Shanghai WorldExpo,andmanyfivestarhotels.OnFebruary3,2012,Huidawasformallyapprovedtobe the National esidential Industrialization Base by the Ministry of Housing and UrbanRural Development.Huidafirmlybelievesthatthequalityofhomelifeisanimportantelementinthe processofhumancivilization.therefore,wewilluseeveryproducttopassonthepraiseoflife, andwe llcreateahundredyearsofindustrytobenefittheworld.

4 Businesslicense Registrationnumber Companyname:Huidasanitarywareco.,ltd Companytype:Limitedliabilitycompany(unlisted) Address:7 th HUIDAROAD,HUANGGEZHUANGTOWN,FENGNANDISTRICT, TANGSHANCITY Legalrepresentative:WangHuiwen Registered assets: two hundred and thirteen million one hundred and eleventhousandonehundredandelevenyuan Dateofestablishment:December11,1997 Operationperiod:December11,1997toDecember11,2147 Businessscope: In the production and operation of sanitary wares, construction ceramic products, sanitary ware fittings, bathroom cabinets, integrated cupboard, architectural ornament,decorativematerials,highgradepolishedtiles,floortiles;toiletseatcover, watertankfittings,plasticproducts,sanitaryproductfittings,culturalpaper,process of offset paper; Sale of body paper; Paperboard, process of carton; Import of raw materials,machines,instrumentsthatproductionandresearchusedinourcompany. Wholesaleandretailofwoodendoorandwindowframe;ordinaryfreight(runsuntil March12,2016);Networksalesofthecompany'sownproducts;Agentsofallkinds ofgoodsandtechnologyimportandexportbusiness(exceptthoserestrictorprohibit bygovernment) Registrationauthority WebsiteofBusinesscreditinformationpublicitysystem StateAdministrationforIndustry&CommerceofthePeople srepublic ofchina

Businessscope: In the production and operation of sanitary wares, construction ceramic products, sanitary ware fittings, bathroom cabinets, integrated cupboard, architectural

9 Businessscope: In the production and operation of sanitary wares, construction ceramic products, sanitary ware fittings, bathroom cabinets, integrated cupboard, architectural ornament,decorativematerials,highgradepolishedtiles,floortiles;toiletseatcover, watertankfittings,plasticproducts,sanitaryproductfittings,culturalpaper,process of offset paper; Sale of body paper; Paperboard, process of carton; Import of raw materials,machines,instrumentsthatproductionandresearchusedinourcompany. Wholesaleandretailofwoodendoorandwindowframe;ordinaryfreight(runsuntil March12,2016);Networksalesofthecompany'sownproducts;Agentsofallkinds ofgoodsandtechnologyimportandexportbusiness(exceptthoserestrictorprohibit bygovernment)

11 Certification Sanitaryceramicproductsarenotincludedinthecategoriesthatneed NationalProductionLicense. Herebycertifythat! TangshanBureauofBuildingMaterialIndustry

12 Admin Director Management VIP 1VIP1(Korea) Department Salesfinance Logistics Tiles Division Personnel Files Hardware Division Business Division CEO VPforinternationalsales SalesDirector MarketingDirector SalesDivision overseasproject Product division Branding division i i // Africa/South Am erica/australia / MiddleEast& NorthAfrica ProductDesign &Promotion Brandbuilding &advertising Europe / Russia&Central Asia South Asia SupplyChainDirector Planning Division VIP 2 VIP2(USA) Business Division Productionplan order management bathtub&sho werroom division quality management bathroom furniture aftersales service

13 Water Conservation China Environmental Labelling Authentication of KS system in Korea KIWA Authentication from Holland CSA Authentication from Canada UPC Authentication from USA Australian Authentication CE Authentication

14 Haerbin Shenyang Dalian Chengdu Fuzhou Shenzhen Hangzhou Hongkong Macao Nanning Guiyang Kunming lasa Xining Huhehaote Taiwan Hainan Hefei zhengzhou Shijiazhuang Jinan Qingdao Taiyuan Yinchuan Lanzhou Wuhan Chongqing Nanchang Changsha Nanjing Tianjin Changchun Wulumuqi Xi an Beijing Tangshan Shanghai Guangzhou

17 Established by Design Zentrum Nordrhein Westfalen, a famous design association in Germany over 50 years ago, Red Dot Design world, known as Oscar of the design world. Huida s Maglev design won Red Dot Design Award of Germany.

18 of Industrial Design (ICSID). In 2010, standard recognition was realized between Red Star Award and Good Design Award of South Korea. Red Star Award is becoming a standard for a high design level in China, serving as the impetus of

Huida has regarded technological innovation and product innovation as its priority since the beginning of establishment.

All kinds of superior conditions have been provided to attract technical talents to Huida.

25 Huida has regarded technological innovation and product innovation as its priority since the beginning of establishment. It has invested more than RMB 50 million for enterprise production technology upgrading and product R&D. All kinds of superior conditions have been provided to attract technical talents to Huida. Now the company has more than 200 professional technicians and more than 1,800 staff graduated from universities, colleges and vocational schools. Huida adopts learning and introduction externally and reform and innovation internally to consistently enhance its production technology and production equipment. As for product University, in order to continuously improve the design and R&D capability.

SWIRLING WATER TECHNOLOGY Huida has been committed to research and development in environmentally friendly products with ecological environment protection and energy saving.

26 SWIRLING WATER TECHNOLOGY Huida has been committed to research and development in environmentally friendly products with ecological environment protection and energy saving. Relying on the strong development ability of postdoctoral workstation, it has successfully developed the 3L/4L water-saving models. Special designed out with only 4 liters of water, saving 30% water compared with the national standard. In this way, each family can save 10,950 liters of water per year. The even distributed keep the inner surface clean. Enlarged water surface warrants the best siphonic function. mechanism garantees the super water saving capability with 3.0/4.0 litres water consumption Enlarged jet hole ensures enough Exlusive sewage pipe technology and large dianeter glazed trap avoid obstruction. super water saving models 100 balls with 3 times successive flush not less than 85 pieces passing in average,but HUIDA s toilet not less than 98 pieces passing in average. the ink marker not more than and not more than 13mm in single length.

CLEANING TECHNOLOGY According to the testing by China Institute of Metrology, the surface roughness Ra of Huida self-cleaning glaze = 0.032μm, while the surface roughness Ra of ordinary glaze = 0.

When the dirt is washed with water, the surface with smaller contact area, that is to say, the smoother surface is easier to be rinsed out.

27 CLEANING TECHNOLOGY According to the testing by China Institute of Metrology, the surface roughness Ra of Huida self-cleaning glaze = 0.032μm, while the surface roughness Ra of ordinary glaze = 0. 2μm. When the dirt comes into contact with the glaze, the more smooth the surface, the smaller the contact area is, and the smaller the interaction force between the surface and the dirt (i.e., adhesion) is. When the dirt is washed with water, the surface with smaller contact area, that is to say, the smoother surface is easier to be rinsed out. Huida self-cleaning glaze is added with the efficient antimicrobial agent, containing a large number of silver complexes; a long slowly-releasing period can ensure long-term use and it is difficult to breed the black spot bacteria, urine scale, etc. according to the testing by Industrial Environmental Monitoring Center of China Building Materials Research Institute, the average antibacterial rate of the sanitary ware products with self-cleaning glaze to Staphylococcus aureus 99.5, and 95.92% for E. coli. With special glaze material,dirt and bacteria are unable to be adhered and breed. Ordinary Glaze Surfcae Ionic glaze coat with strong dirt proof and avoid bacteria s invading. 3 years later Nano Glaze Surface Nano Glaze Surface Ordinary Glaze Surfcae COMPLIANCE TECHNOLOGY In addition to powerful flushing fittings, Huida s products are equipped with 50mm sewage pipes, which increase the dirt volume and compliance technology of 360-degree glazing process for inner wall that effectively reduces sewage discharge resistance, to guarantee the maximum draining effect. The daily dirt is emptied out in one time, and strong flushing efficiency ensures your use without worry. Our special ceramic slurry is fired at the temperature of 1200 degree with the water absorption of less than 0.2%. With a high resistance to compression, the porcelain would not be broken even if you hang it up and place a weight of 300 kg on its top. Our special drainage pipelines with a diameter of 50mm and 360-degree glazing and smooth sewage pipes, plus sub-waterways, Diagram of Huida product of compliance technology

28 RAW MATERIAL PROCESSING: HIGH STANDARD IS THE FOUNDATION FOR HIGH QUALITY

29 HIGH-PRESSURE CASTING MOLDING: PRECISE OPERATION, QUALITY ASSURANCE

31 RAW MATERIAL PURCHASING: HIGH PRECISION INSTRUMENTS ENSURES QUALITY STANDARDS CNC MOULD PROCESSING: AMERICAN HAAS PROCESSING CENTER, PRODUCE HIGH-QUALITY PRODUCTS

33 SPRAY DRYING: INTERNATIONAL ADVANCED EQUIPMENT WITH DOUBLE HIGH QUALITY

THE "DOBRESCU" MACROMODEL

THE DOBRESCU MACROMODEL Appendix Table with trend of housing price-to-income ratios of 35 cities Cities GSADF whole test Bubble periods (backward SADF) Beijing.65858 9Q3~Q Changchun.8679 Q Changsha.39953 9Q3~Q Chengdu.597 Chongqing.739