On April 8^th, 2008, rollout and delivery ceremony of SWF-series forklift, new product self-developed by Hunan Sunward Intelligent Machinery Co., Ltd. was held in the 1^st Industrial Park of the company. Leaders of Sunward Intelligent, personnel from Development and Production Departments, dealers from different provinces and journalists from provincial media attended this ceremony. Industrial Truck Institution of China Construction Machinery Association (CITA for short) sent their congratulation letter.

 “As the new products roll off the production line and are successfully sold on the market, the company has broken through zero forklift manufacturing. This must be the new economic growth point. ” leaders of Sunward Intelligent said confidently. Sunward Intelligent self-developed 3 series of forklifts in various types in no more than half a year, relying on years of developing and manufacturing experiences, advanced production and management ability in the field of construction machinery.

“Meanwhile, in order to meet the demands of different customers, we will provide various working devices for options, which can enhance the suitability and enlarge application scope of the products. We are aiming at offering the best products and service for customers at home and abroad. ”

According to the introduction of professionals, the total cost of ownership of forklifts contains purchase, operation and maintenance cost; thus, it is critical for end users to choose products in high quality and reliable performance. “Take the off-line electric forklifts in Sunward Intelligent for an example. Adopting AC driving system, this series of forklift has remarkable enhancement of overall performance, apparent reduction of fault frequency and parts conversion rate and great strengthening of reliability. The higher productivity of forklift per unit time is, the lower the operation and maintenance cost will be, which will bring more benefits for customers.”

At 11:00a.m., on-spot purchase ceremony commenced. Applause burst out when the superintendent of Sunward Intelligent handed over the key of the first forklift to the dealer. Dealer representatives from Guangdong and other provinces gave speeches on the ceremony, showing their confidence on Sunward Intelligent products and their hope for long-term cooperation with the company.

With the development of Logistics in China, forklift market is in booming momentum. In recent years, manufacturing and selling of forklifts in China have kept increasing by 30%-40% annually, becoming another large category products of construction machinery. Under the functions of factors such as foreign-funded brands, joint-venture brands and merge of domestic enterprises, the competition inside industries becomes more and more intense; however, we shall see that domestic enterprises have entered a newly great development period. Today, Sunward Intelligent Machinery Co., Ltd. is listed successfully as a national brand. It will be the fresh strength in forklift field, playing an active role in expanding the market share of self-owned brands.

About Sunward

Hunan Sunward Intelligent Machinery Co., Ltd. (Sunward for short, Stock Code: 002097) is a hi-tech listed company that integrates production, research and development. And it has become a famous enterprise in the construction machinery industry of China since its establishment in 1999.

The company has a registered capital of RMB 270 million Yuan, and total assets of over RMB 120 million. Among over 1700 employees, there are 52% who have college degree or above and over 30 masters, doctors, or post doctorates; and over 200 professional technical personnel. The company owns the First and the Second Sunward Intelligent Industrial Park, which cover 235 mu and 200 Mu respectively. And it also owns the Wuxi Sunward Hydraulic Machinery Co., Ltd., which is exclusively invested by Sunward.

With the core concept of “cultivate the morality, and manage the business; revitalize the enterprise, and flourish the country”, the company gradually establishes the comparable advantage in “independent research, lean production, and integrity management”, and forms the core competence under the guide of He Qinghua, who is the founder and board chairman of Sunward, and also a professor and tutor of doctor in Central South University. The company develops at high speed with a compound annual growth rate of over 70%. During the 8 years, the company has developed high performance and high quality products of some dozens of specifications with independent intellectual property in large piling machinery, compact construction machinery and modern rock drilling equipment, which make Sunward the top brand in China. The company has established the technical innovation system which includes original innovation, integration innovation, open innovation, and consistent innovation. And the products are distributed all over the country, and mass exported to more than 40 countries and regions, such as Europe, Oceania, North America, South-east Asia, and etc.

Sunward is the largest manufacturer of pilling machinery in China, and becomes the industry base of National “863” High-tech Program. It has got the authorization of ISO9001quality management system, ISO14001 environmental management system, and OHSAS18001 occupational health and safety management system, as well as the CE certification. And the Sunward brand has been awarded the “China Well-known Mark”. It is one of the “Top 100 Enterprises with Greatest Potential in China” on Forbes in 2006 and 2007. In September 2006, the Vice Premier Mr. Wu Guanyi visited Sunward, and he sang high praise for the independent innovation ability, international trade and cooperation, and the production, research and development mode of Sunward.