Geely Automobile Holdings Limited is an investment holding company. Through its subsidiary, the Company is engaged in manufacturing and trading of automobiles and automobile parts, and related automobile components. On July 1, 2008, the acquisition of additional interests in the associates of Zhejiang Geely Automobile Company Limited, Shanghai Maple Guorun Automobile Company Limited, Zhejiang Ruhoo Automobile Company Limited, Zhejiang Kingkong Automobile Company Limited and Hunan Geely Automobile Components Company Limited was completed. These associates are engaged in the manufacturing and sales of automobiles and related components in the Peoples’ Republic of China. The Company acquired additional 44.19% of the interest of these associates. After the acquisition of additional interests, these associates become 91%-owned subsidiaries of the Company.