Guangdong Shunde Huaji Machinery Industrial Co., Ltd.

Guangdong Shunde Huaxin Technology Co., Ltd., a subsidiary of SINOBAKE, acquired land in Beijiao, Shunde, Guangdong, China, to develop a new manufacturing and headquarters base for food production lines and downstream automation equipment. The project involves a total investment of approximately RMB 500 million ($70 million) and covers 24,004 square meters.