Geely Automobile Holdings Limited (the “Company”) (SEHK stock code: 175) is an automobile manufacturer, focusing on development, manufacturing and sales of passenger vehicles. The Company sells most of its products in the China market and has also expanded its sales through export to other developing countries in the past few years. The Company’s shares are listed on the main board of The Stock Exchange of Hong Kong Limited (“SEHK”); the controlling shareholder of the Company is Zhejiang Geely Holding Group Company Limited, a private company incorporated in the People’s Republic of China (the “PRC”) which is wholly owned by Mr. Li Shu Fu, the Company’s substantial shareholder and chairman of its board of directors, and his associate. With its headquarter established in Hangzhou, the PRC and 9 manufacturing plants in Luqiao, Linhai, Ningbo/Cixi, Chunxiao, Baoji, Jinzhong, Xiangtan, Jinan and Chengdu in the PRC, the Company has a total annual production capacity of 1,070,000 units of vehicle per double-shift as at 31 December 2016. The Company sells its 10 major vehicle models, which are mostly powered by its own high-performance turbocharged engines and developed from 5 product platforms of its own in “GEELY” brand, which are retailed through more than 920 dealers in the PRC. The Company also exports its products through 24 sales agents and 489 sales and service outlets in 23 oversea countries, mainly to developing countries in the Middle East, Asia, Europe and Africa. In November 2015, the Company announced its new energy vehicle strategy named 'Blue Geely Initiative' displaying its dedication to transformation into industry leader in new energy vehicle technologies amid the launch of its first new energy vehicle model on the back of the growth momentum of sales of new energy vehicles in China being expected to continue in the years ahead. With a total workforce of 35,100 staff at the end of 2016 dedicated to fostering the Company’s core strength in powertrain technologies, product quality, customer satisfaction and supply chains, the Company generated the revenue of about RMB53.72 billion in 2016. Total market capitalization was about HKD97.72 billion as at 9 May 2017.