Wuhu Yaxia Automobile Corp to Set up Joint Venture

Wuhu Yaxia Automobile Corp announced that it will invest RMB 94.60 million to set up a joint venture with a travel company, Li Weipeng and Shan Baochun, with each to hold a 94.6% stake, a 0.1% stake, a 5% stake and 0.3% stake. The joint venture will be with a registered capital of RMB 100 million and be engaged in the auto pawn pledge of movables business, property rights pledge pawn business, real estate mortgage pawn business, within the limits must when goods sold, appraisal and evaluation and consulting services.