Standard Chartered Bank to visit SANY

On May 9^th of 2007, Mr. David Godwin, president of Enterprise and Financial Bank in China District of Standard Chartered Bank, and Mr. Frankie Chow, the Chief Loan Approver of China District, came to have a visit to SANY.

Board chairman Mr. Liang Wengen introduced SANY's value of " Quality Changes the World" to guests. SANY aims at change Chinese products' low quality image by its ultra-high quality. Then, Mr. Liang analyzed the advantages of China construction industry with guests in three aspects, big domestic market, experienced workers and researchers and low costs of labor and land.

Mr. David Godwin was very recommend SANY's value and showed a great interest to know SANY's explore of overseas market, R&D capability, financial management and strategic plan. Both parties expressed the intention of cooperation.

It is reported that Standard Chartered China is one of the first batch foreign banks to register in China. It entered into China is 1858 and has already set up subsidiaries in 56 countries.