It is my great pleasure to express to you - our friends all over the world who have cherished and supported the growth of our Corporation ever since more than 10 years ago - our sincere appreciation in the name of CATIC Guangzhou and myself, and to welcome our new friends in establishing business relation with us.

Located in Guangdong Province which spearheads the drive for China's reform and opening and holds over 40% of China's total import and export volume, CATIC Guangzhou, backed up by aviation industry featuring hightech, is one of the show-windows and key channels in coastal area to handle imp. /exp. trade for China aviation industry. CATIC GZ has so far set up some 20 commercial and industrial enterprises (exclusively-owned, or joint-operated, or sino-foreign joint ventures) in China and representative offices or Companies in 7 countries and region, such as Germany, USA, Hongkong, Pakistan, Thailand, etc., staffed by competent personnel with splendid vigor and valuable experience in foreign trade. In 1994, our Corporation stood at 307 among the top 500 imp./ exp. enterprises nationwide and became one of the top 100 imp./ exp. enterprises in Guangdong Province, with imp./ exp. volume ranking 58th and export volume, 51st. Meanwhile, the Corporation got No. 9 among the first 60 foreign trade enterprises in Guangzhou. During 1995, CATIC GZ is honourably given the title of "Credible Enterprise" by the Customs of PRC and rated at "Class A" credit status by the Customs of Guanzhou. The superiority we have achieved and ceaseless endeavour we are making will certainly create even more satisfactory response to our partners.

On the basis of mutual-confidence and mutual-benefit, we' ve built up with our friends and counterparts at home and abroad relationships of economic and trade cooperation, agency, and partnerships, which, I feel sure, will be lasting with prosperity.