FAW Car Co., Ltd. (preparatory) (hereinafter referred to as "the Company") was established with the approval of the State Commission for Restructuring the Economic System (SRSRC) No. 199755 Document. FAW Car Co., Ltd. is the holding subsidiary of FAW Group, the core enterprise of FAW Group to develop its own brand passenger cars, and the first joint-stock listed company in Chinas car manufacturing industry. The main business of the company is to develop, manufacture and sell passenger cars, engines, transmissions and their accessories.