Zoje Sewing Machine Co., Ltd.
The new ZOJE Sewing Machine Co., Ltd. (hereinafter referred to as "the Company") is a wholly-owned subsidiary established by "Zoje Limited" on June 25th, 2014 with a new management framework, by means of reintegrating and centralizing the resources related to sewing machine manufacturing and under the guidance of innovation trend, focusing on making a bigger and stronger sewing machine industry.
The matters about the bankruptcy liquidation of Zoje Group stated in the “Announcement on Bankruptcy Liquidation of Controlling Shareholders” published on Sep. 5th, 2014 is actually resulting from the debt of individual shareholders, and is not directly related to the Company. The capital stock only accounts for about 16%, which has no impact on the operation and operating management of the Company.
The Company held "Global Supply Chain Conference" and "Global Dealer Conference" in July and has setup a more closely and more reasonable upstream and downstream industry symbiotic relationship. Under the leadership of the new management, all employees and management are hold together and all works operated and managed are maintained in a good momentum. Thanks very much for the concern and support from people of all walks of life!