Zhejiang Asia-Pacific Machine & Electric Co., Ltd. Business report FY2008

Business Highlights

Listing of Stock
- In July 2008, the Company obtained CSRC (China Securities Regulatory Commission) approval for initial public offering (IPO) on the Shenzhen Stock Market.

R&D

R&D structure
- The Company established a technical center in 1986.
Industry-university collaborations and future plans
-In 2000, the Company developed ABSs jointly with Tsinghua University.
-In 2005, the Company developed magnetic brakes jointly with Jiangsu University