Zhejiang Materials Industry International Co., Ltd，which was founded in 1999，is located near the West Lake in Hangzhou. The registered capital is RMB300 million.    Our major shareholder, Zhejiang Materials Industry Group Corp., is one of 120 Most Promising Enterprises set as sample enterprises by the State Council of China, and ranks No. 46 among the top 500 Chinese enterprises in 2004. As a strategic investor, COFCO Shanghai Import & Export Company, which is the subsidiary totally owned by COFCO, gives us fully support through its famous brand effect and mature business mode.     In 2003, our import & export volume and sales have reached USD630 million and RMB8.44 billion respectively, doubling the figures of last year. Both the import & export volume and  import volume take the first place among the provincial enterprises specializing in foreign trade in Zhejiang Province. According to the statistical data from Ministry of Commerce, our company ranks No.132 among the top 500 Chinese enterprises with the largest import & export volume in 2003.     Compared with 18 foreign trade companies listed in A-share market, we have obvious competitiveness in some critical financial index including return on equity, receivable turnover, operation cycle and current ratio according to the continuous positive analysis in 1999, 2000, 2001 and 2002.     As a result of our credible reputation and efficient management, we are entitled AAA Enterprise by China Commercial & Industrial Bank and Outstanding Enterprise by the State Economic & Trade Commission and Ministry of Personnel PRC