QINGDAO HAILI METAL ONE CO., LTD. is principally engaged in the manufacture and distribution of household electrical appliance spare parts, automobile spare parts and micro specialty motors. The Company operates its businesses primarily through the manufacture, distribution and services of metal stamping parts and micro specialty motors, as well as the research, development, manufacture, distribution and services of precision molds. The Company mainly provides refrigerator spare parts, including refrigerator sideboards, front boards and back boards; air conditioner spare parts, including household air conditioner parts and foaming products for commercial-use air conditioners; flat television spare parts, including support components and back covers, as well as automobile spare parts and micro specialty motors. During the year ended December 31, 2009, the Company obtained approximately 95.42% of its total revenue from metal stamping products.