Minth Group Limited

Company Profile

■URL

http://www.minthgroup.com/

■Address

No.8, Dagang No.6 Rd., Ningbo Economic and Technology Development Zone, Zhejiang, China

Business Overview

-The Company is a leading supplier of automotive decorative parts, metal structural parts.

-The Group primarily engages in the design, manufacture and sale of trims, decorative parts, metal structural parts and aluminum parts, which it supplies mainly to the world's leading automakers.

 -In 2016, the Company's global sales increased by 22.8%, up to RMB 9,399.99 million. Among them,sales in china increase 26.4% compared to last year, up to RMB5,828.05 million, accounting for the largest, 62.0%.

Shareholders

-Listed on the Hong Kong Stock Exchanges (As of Dec.31, 2016)
Major Shareholders Shareholding Ratio
Qin Ronghua 39.55%
Zhao Feng 0.18%
Shi Jianhui 0.17%
Bao Jianya 0.11%
Huang Qionghui 0.09%
Others 59.90%
Total 100%

Products

Trim Parts
-Front & rear windshield moldings
-Inner & outer beltline moldings
-Door frame opening moldings
-Bumper moldings
-Roof ditch moldings
-Sill plates
-Rain gutters
-Fender trims
-Mud ditches

Decorative Parts
-Wheel covers
-Door handle assemblies
-License plate appliques
-Quarter window trims
-Body side moldings
-Grille assembly
-Front delta inner covers
-Rear quarter covers
-Front door B-pillar covers
-Rear quarter windows
-Tailgate handles
-Rear decklids

Body structural parts
-Rear door sashes
-Front door sashes
-B-pillar covers
-Guide rails

Seat structural parts
-Seat slides
-Seat frames

Roof racks

Others
-Fuel filler lids
-Bumper beams
-Electric door locks
-Electric sliding door systems
-Wheel fenders
-Front end modules

History

1992 Ningbo Minth Machines Co., Ltd. established. 
1999 Established Ningbo Shintai Machines Co., Ltd.
Started producing body structural parts
Established strategic alliance with Sankei Giken
2001 Established Guangzhou Minhui Automobile Parts Co.,Ltd.
Established Chongqing Changtai Automobile Spare Parts Co.,Ltd.
Relocated the plant to No.6 Dagang Road.
Established Hainan Jingrui Automotive Co.,Ltd.
2002 Established Ningbo Tokai Minth Automotive parts Co., Ltd.
Restructured in 2002
Strategic alliance with Tokai and Katayama
2003 Established Tianjin Xintai Automobile Parts Co., Ltd.
Established Jiaxing Minhui Automotive Parts Co., Ltd.
2004 Established Guangzhou Minrui Automotive Parts Co.,Ltd.
Established Fuzhou Shintai Automotive Parts Co., Ltd.
Strategic allianced with Gifu Shatai
2005 Established Ningbo Guohong Automotive Co.,Ltd.
Minth Group Ltd. established.
Formed strategic alliance with Kittel
Established Wuhan Minhui Automotive Parts Co., Ltd.
Established Jiaxing Kittel-Minth Automotive Parts Co., Ltd.
Listed on Hong Kong Stock Exchange in December.
2006 Established Chongqing Minth Automotive Parts Co., Ltd.
Established strategic alliance with Aisin
Established Guanzhou Tokai Minth Automotive Parts Co., Ltd.
Established Jiaxing El Triumph Automotive Parts Co., Ltd.
Established Jiaxing Shinyou Mold Tech Co., Ltd.
Established Shanghai Cogen Research And Design Co., Ltd.
Established Ningbo Minth Automotive Parts Research & Development Co., Ltd.
Established Cheerplan (China) Investment Co., Ltd.
Established Ningbo Taiyong Automotive Parts Co.,Ltd.
Established Ningbo Minhe Machines Co.,Ltd.
2007 Established Jiaxing Xinghe Automotive Parts Co. ,Ltd.
Strategic alliance with Dura
Established Changchun Minth Automotive Parts Co.,Ltd
Established Jiaxing DURA Minth Automotive Parts Co., Ltd.
Established Jiaxing Minth Machines Co., Ltd.
Established Yantai Minth Automotive Parts Co., Ltd.
Established Minth North America, Inc
Established Plastic Trim International, Inc.
Established Minth International Limited
Established Minth Japan Limited
2008 Established Minth AAPICO (Thailand) Co.,Ltd.
Established strategic alliance with AAPICO Hitech
Established Jiaxing Guowei Automotive Co., Ltd.
Established Jiaxing Situ Automotive Co., Ltd.
2009 Established Ningbo Tairui Co., Ltd.
2010 Established Minth Gmbh Limited
Established Guangzhou Minth Automotive Co., Ltd.
Established Jiangsu Hexing Automotive Technology Co., Ltd.
Established Jiangsu Hetai Automotive Parts Co., Ltd.
Established Jiangsu Hetong Automotive Parts Co., Ltd.
Established Yantai Herui Automotive Parts Co., Ltd.
Established strategic alliance and a joint venture Wuhan Minth Nojima Automotive Parts Co.,Ltd. with Nojima Seisakusyo to develop business of seat frame systems
2011 Established Wuhan Tokai Minth Automotive Parts Co., Ltd.with Tokai Kogyo Co., Ltd.
2012 Established TK Minth Mexico, S. A. de C. V. with Tokai Kogyo Co., Ltd
Feb. 2014 Huzhou Minchi Automobile Co., Ltd., the Company's subsidiary, was established.
Mar. 2014 Enboma Investments Limited, which is owned indirectly by the Company, and Sojitz Corporation signed an agreement that Enboma acquired all the shares (a 45.99 percent stake) that Sojitz owns in Plastic Trim International (PTI) in Michigan, U.S.A. After Eboma acquired the stock, it would own 95.81 percent of the joint venture.
Jul. 2014 The Company announced that Enboma Investments Limited, its indirect subsidiary, will acquire the remaining 4.19 percent share in Plastic Trim International (PTI) owned by Huge Leader Investments Limited for USD 450,000. After completion of the transaction, PTI will be a wholly owned subsidiary of Enboma.
Dec. 2015 The Company acquired Jiaxing Dura Minth Automotive Parts Co., Ltd., its joint venture with Dura, its wholly owned subsidiary by acquiring the 51% share owned by Dura for CNY 56.42 million.
Apr. 2016 Cheerplan (China) Investment Co., Ltd., announced that the company and Fujitsu Electronics (Shanghai) Co., Ltd. will establish a joint venture. The new company will be capitalized at CNY 5.2 million, of which 60% will be invested by Cheerplan (China) and 40% will be invested by Fujitsu Electronics (Shanghai).
Apr. 2016 Cheerplan (China) Investment Co., Ltd., subsidiary of the Company, and Haartz Corporation, a U.S. based supplier of interior trim material, have jointly established Haartz-Minth (Ningbo) Automotive Ltd.
Aug. 2016 Minth Group Limited has agreed to establish a joint venture with Clean Wave (HK). The new company will be called Jiaxing Clean Wave E-Drive Systems Co., Ltd.

Supplemental Information 1