Zhongyin (Ningbo) Battery Co., Ltd. is a joint venture formed by Gold Peak Industries (Holding) Ltd. and Ningbo Sonluk Battery Co., Ltd. Currently we are the vice director and a standing member of China Battery Industry Association. Our key subsidiaries include Ningbo Engineering and Technology Development Center of Chemical Power Sources, Ningbo Battery & Electrical Appliance Import & Export Co., Ltd. and Ningbo Pairdeer Trading Co., Ltd. With registered capital of USD15 million, our total investment amounts to USD28 million. We are a leading primary mercury and cadmium free alkaline battery and carbon-zinc battery manufacturer in China, with Sonluk, Pairdeer and Goldenbee as our registered brands. Occupying a factory area of 56,000 square meters, we have 27 assembly lines for the manufacture of alkaline batteries and carbon-zinc batteries, among which seven lines of LR20, LR14, LR6, LR03 and LR1 batteries were introduced from Japan, Denmark and South Korea. Our total output of batteries reached 1.2 billion in 2004, including 670 million alkaline batteries. In 2002, 'Pairdeer' was named as