Qingling Motors Co. Ltd (the “Company”) and its subsidiaries (the
“Group”) is principally engaged in the production and sale of Isuzu
light, medium and heavy-duty trucks, pick-up trucks, multi-purpose
vehicles and diesel and petrol engines. All of the production facilities
of the Group are located in the People’s Republic of China (the
“PRC”) and substantially all the sales of the Group are also made
in the PRC.