July 28, 2004

Opening Ceremony of Yueli Kobayashi Machinery Co., Ltd (China)

Opening ceremony of Yueli Kobayashi Machinery Co., Ltd was held on July 1, 2004 in Wuxi, China. This company is a joint venture between Kobayashi Engineering Works, Ltd. and Yueli Machinery Co., Ltd., which is a paper and corrugating machine maker in Taiwan. Chairman Mr. Cheng Wen Shun, president Mr. Cheng Ku Loong from Taiwan Yueli and our chairman Mr. Shogo Kobayashi, president Mr. Toshio Kobayashi attended this ceremony. Over one hundred of guests were also invited to join us, including many Chinese paper companies such as Lee & Man Paper and Jingxing Paper. Huishan District government, dealing banks, Chinese and Japanese trading companies and suppliers were invited as well.

[Address at the ceremony]

President Mr. Cheng Ku Loong (Chairman of Yueli Kobayashi)	President Mr. Toshio Kobayashi (Director of Yueli Kobayashi)

President Mr. Toshio Kobayashi addressed at the opening ceremony. Kobayashi Engineering Works, Ltd. started a new stage with partner Yueli Machinery Co., Ltd. under confidence for each other. We will keep making progress by power of the three flags, the five stars, Yueli’s and Kobayashi’s, as the three arrow proverb. What important for a machine maker are skills, experience and reliance. We will make our best effort by supplying our machine and service, to support and contribute to paper industry prosperity.

[Tape cut]

[Introduction of Yueli Kobayashi]

Yueli Kobayashi Machinery Co., Ltd. was established in 2002 and the construction completed in January, 2004. It is a joint venture between Kobayashi Engineering Works, Ltd. (Japan) and Yueli Machinery Co., Ltd. (Taiwan), located in Luoshe Industrial Park, Wuxi, Jiangsu, 43,200m2 in area. Business target of this company is to supply paper machine, corrugating machine, flexo printer, and after-sales service such as maintenance to customers not only in China but also whole Asia area, which are based on knowledge, skills and experience of the 2 companies.
“Quality Efficiency Innovation Service Teamwork” is the Slogan of Yueli Kobayashi Machinery Co., Ltd., each indicates pursuit of excellent quality, effort for efficiency progress, continual R&D, thoroughgoing after-sales service, and strong teamwork. We will keep improving to fulfill customer needs, further strive for position of the industry leader in Asia area.

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