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Zhejiang XinFu Holding Group has a former name Hangzhou Xiaoshan Hongda TransportationCo., Ltd. founded in 1995. It currently has been developed to be a cross-industry groupcorporation with diversified businesses involving in textile, chemical fiber, packaging materials,trade, real estate, logistics and transportation, building materials trading, recreation andentertainment, airline ticketing and other fields. It now has the total assets of more than RMB1 billion and more than l,000 employees, including more than 400 employees with collegedegree, more than 120 employees with medium and above technical titles and more than 30 employees with senior and above technical titles.

The Group adheres to the path of concept innovation, management innovation, technical innovation and products innovation, takes honesty and trustworthiness as the principle and carries forward the development philosophy of "considering the present as the backward". It continuously develops new products and new projects and actively expands and extends the field of related industries. In the size expansion, it also focuses on the quality improvement so that it has won good reputation of "high quality and credit first" in society and has been awarded the "AAA" credit rating. A number of subsidiaries of the Group have won the "Top Ten Enterprises", "Brand Enterprise", "Consumer Trust Company", "Garden-Style Company" and other honorary titles in selection activities organized by governments in all levels and are widely praised by society.