ZXY Awarded as High-tech Enterprise-Bearing News

Xiangyang Automobile Bearing Co., Ltd (ZXY) announces today they have been awarded with the honor of "the First Batch of High-tech Enterprises of Hubei Province in 2008". According to the related policies, the company will enjoy 15 percent of income tax rate in the three years, including the year of 2008. Xiangyang Bearing is the biggest professional manufacturer of automobile bearings and one of the five biggest bearing export bases in China. It is also one of the 500 biggest industrial enterprises, which possesses the assets of RMB 0.7 billion.

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