Two subsidiaries of Allan International Holdings Ltd classified as Class AA enterprise by General Administration of Customs of the PRC

Two subsidiaries of Allan International Holdings Ltd classified as Class AA enterprise by General Administration of Customs of the PRC

In March 2009, Huiyang Allan Plastic & Electric Industries Co., Limited and Artreal (Huiyang) Manufacturing Limited, both subsidiaries of Allan International Holdings Ltd., are classified as Class AA enterprise by General Administration of Customs of the People’s Republic of China. This would further enhance our import/export efficiency and also competitiveness.

“Measures of the General Administration of Customs of the People’s Republic of China on Classified Management of Enterprises”, which were adopted at the Executive Meeting of the General Administration of Customs of the People’s Republic of China was promulgated by Decree No. 170 and effective as of April 1, 2008. These Measures shall apply to the classified management of consignees and consigners of imports and exports and agent declaration enterprises [Enterprise] that are registered with Customs. Customs now divides them into five (5) management categories, i.e., AA (new), A, B, C and D instead of four (4). To be classified as Class AA Enterprise shall meet ; the annual total import and export volume should exceed 30 million US doll ; Customs validation and audit-based control shows requirements have been met in terms of Customs management, the enterprise’s operations and management, and trade security. Class AA is the highest trustworthy management category recognized by the General Administration of Customs of the People’s Republic of China. Enterprise would enjoy respective clearance facilitations in China such as no inspection on import/export goods.

[ This English version is for reference only, if in disputes please refer to the Chinese version ]