In October 2014, MPMC restructure into joint-stock companies, marking the company in the development of the modern enterprise system.
Since the establishment by the end of 2008, MPMC had been through the global financial crisis started at end of 2008, the global continues economic downturn in 2009-2010, with the joint efforts of all staff in our company, one step a footprint, achieving developing clients and expanding market in the international market.
By the end of 2014, the company achieved an average annual compound growth rate of more than 50%.
In October 2014, MPMC company restructured into joint-stock company, marking the company in the development of modern enterprise system to a new level. Now we expected the first quarter of 2015 or the second quarter, the company will be traded on the China New OTC Market.
Meanwhile, a wholly-owned investment holding company, our new manufacturing base - MPMC Powertech Jiangsu Co., Ltd., is also under construction. It is expected in mid - 2015 our Haimen factory can start trial production.
To be sure, completion of the Haimen new manufacturing base, will greatly ease our production bottlenecks, release production capacity, improve our international corporate image of modern global manufacturers and system solution provider, will be continuous and positive influence to our company's global marketing.