The Schaeffler Group is the world's leading supplier of comprehensive automotive and industrial products. The group has approximately 84,000 employees and is one of the world's largest family companies. Schaeffler has approximately 170 branches in more than 50 countries, forming a global network integrating production bases, R&D centers and sales companies. Since investing in production in China in 1995, Schaeffler Greater China is the full representative of the German Schaeffler Group Automotive Aftermarket Division in China, responsible for the sales and marketing of the three major brands of LuK, INA and FAG in the automotive aftermarket in China Management activities. At present, it has more than 10,000 employees and 22 sales offices in Beijing, Shanghai, Hong Kong and Taiwan.

From November 12 to 13, 2020, Schaeffler's Greater China Supplier Development Manager Wang Xu came to our company for audit. The focus of the audit was on supplier audits in the rolling element production area, including document audits, process audits, code of conduct, environmental protection and Human rights and other aspects. The second is to communicate about the recent delivery of steel ball products.

Our company's rolling element factory leaders Qi Xingfu, Zhao Zhongliang and steel ball zone leaders Yin Zuoqiang and Shi Changmin accompanied Wang Gong to review and provide corresponding information and evidence.

Through a one-and-a-half day review and communication, Mr. Wang put forward opinions and suggestions on existing problems and deficiencies. He hopes that the company will raise awareness, strengthen standardized operations, strengthen process control, further improve the effectiveness and standardization of system operation, and increase risk awareness and experience accumulation. The leaders of our company stated that the next step will continue to strengthen process quality control, optimize processes, and continuously improve management levels to achieve customer satisfaction.