China Zhongwang New Contract with Jaguar Land Rover

HONG KONG, CHINA
-�Media OutReach - October
8, 2018 - China Zhongwang Holdings
Limited (“China Zhongwang” or the “Company”, together with its subsidiaries
the “Group”, stock code: 01333), a world-leading fabricated aluminium products
developer and manufacturer, announced that it has entered into a contract with
Jaguar Land Rover. The Group will
supply quality extrusion products to Jaguar Land Rover’s British company as a Tier-1
supplier. This relationship is
the first collaboration between the two companies, and marks the Group’s first
foray into the supply chain of automakers outside China.

 

A long-time key supplier of aluminium products for Chinese high-speed
trains, China Zhongwang has stayed committed to propelling the light-weight
development in transportation sector and has accumulated valuable experience from
aluminium alloying to welding techniques, to expand the applications of
aluminium in the automotive industry. With its one-stop solutions in design,
research and development (“R&D“),
production and assembly, the Group has developed and supplied numerous aluminium
solutions for a number of renowned Chinese automakers. China Zhongwang is the exclusive
supplier of the aluminium-intensive car body for both Chery’s electric car “eQ1”
model, and “QiantuK50”, the electric sports car newly-launched by CH-Auto
Technology this August.

Mr. Lu Changqing, Chairman and President of China
Zhongwang, said, “With its solid strength, the Group
has become a Tier-1 supplier to Jaguar Land Rover, signifying another achievement in exploring high-end
applications of aluminium. China Zhongwang’s advantage lies in its comprehensive
R&D capabilities, capacity that covers the entire production process, and thorough
quality control system, which ensure its product performance meets the highest
standard in the industry. We will maintain close collaboration with Jaguar Land
Rover to present the best products to the market.”

As energy saving and emission reduction are being promoted worldwide, the
green policies are shaping a rosy outlook for the light-weight
development in the automotive industry. The Group is widely recognised for its integrated
light-weight solutions which help customers lower R&D costs and enhance
productivity. The Group has been actively engaging with automakers and
component suppliers around the world to explore the potential market
opportunities together and jointly promote the light-weight development of the
automotive industry.

About China Zhongwang Holdings Limited

China Zhongwang is the second largest industrial aluminium extruded products
developer and manufacturer in the world and the largest in Asia. The Group provides a myriad of quality fabricated
aluminium products and offers integrated light-weight solutions for such
downstream sectors and fields as ecological construction, transportation,
machinery and equipment and electric power engineering.

 

With shared resources, the Group’s core businesses,
namely industrial aluminium extrusion, aluminium flat rolling and further fabrication
have achieved synergistic development. In 2017, the Group expanded its business
presence in the transportation sector by acquiring Aluminiumwerk Unna AG., a
leading aluminium extrusion manufacturer, and Silver Yachts Ltd., a large-scale
all-aluminium superyacht builder, tapping into the end-use manufacturing in the
marine sector as well. Having built excellent teams of research and
development, technology and design, the Group is able to provide one-stop
light-weight solutions covering independent design, manufacturing, fabrication
and after-sales services. Looking ahead to the future, the Group will continue
to promote the applications of high-end fabricated aluminium products, aiming
to offer light-weight solutions to the society so that people can live a
quality life with low energy consumption.

 

For further
information on the Group, please visit our official website at www.zhongwang.com.