Message from the HASCO President

Ladies and gentlemen, dear friends,

You are welcome to access our HASCO website, and we thank you so much for your attention to HASCO.

HASCO is the largest comprehensive auto parts listed company in China. Its business covers the entire industrial chain for independent supply of auto parts, including supplying parts and components to both domestic and overseas vehicle makers. In 2010, HASCO's consolidated operating revenue went beyond RMB 44 billion.

2011 is the first year of the "Twelfth Five-Year Plan" period and also a crucial year for implementation of the reform and opening up policy. All HASCO employees are fully aware that opportunities and challenges co-exist, and tasks lying ahead are heavy and arduous. In such a situation, we will closely follow the market development, quicken our response to the market changes, give full support to the development of domestic and overseas vehicle makers, actively push forward the structural adjustment, attach importance to increasing internal strength, transform the mode of economic development at a quicker pace, and further improve our core competitive force. We will deepen our systems reform, strengthen the enterprise vitality, constantly raise the economic efficiency and business development quality, actively foster and improve our competence for transnational operation, strive to fulfill all the tasks and targets of the year, and ensure a good start and successful opening for the "Twelfth Five-Year Plan" period!

Lastly, on behalf of all HASCO employees, I would like to extend my sincere gratitude to all the leaders at various levels, all our strategic partners and people from all walks of life that have always shown their concern for and given their support to HASCO in its development endeavor!

Zhang Haitao

President, HASCO