Changhong Increases Investment in Huayi Compressor

Sichuan Changhong, the controlling shareholder of Huayi Compressor, announced on October 11 that the proposal to increase the credit guarantee limit for Huayi Compressor had been approved on October 8 by the board meeting and an additional RMB 290 million (US$ 46 million) credit limit will be extended for Huayi Compressor with the guarantee period of one year.