Home System Group ("HSYT") is a US listed company, whose China-based operating subsidiaries, Oceanic, Well Profit and Weihe, are primarily engaged in the production of a variety of household appliances, including stainless steel gas grills and ovens, ceiling and table fans, decorative lamps, LEDs, energy-saving lamps and skateboards. HSYT's products are primarily manufactured in Well Profit and Weihe's facilities and sold through distributors to retailers in China, America, Europe, Australia, Africa, and Southeast Asia.
In order to achieve its corporate vision of "providing the quality product service, pursuing to the perfect life", Home System Group has been continuously devoted on the consummate management system and perfecting the corporate operation. Furthermore, the company dedicates to strengthen the product quality inspection, to develop the international service and cooperation, expanding both domestic and oversea marketing network; Constructing the corporate culture, condensing the core competitive ability, leading further improvement on the management level and the business operation level.
Oceanic International (Hong Kong) Limited
Hong Kong is well known for its central position in fields of global finance, trade, shipping, and information technologies.
Oceanic International (Hong Kong) Limited is registered in Hong Kong and located at the Pearl of Orientals in 2004. It is mainly dedicated in the distribution of laser printers, water pumps, barbecue stoves, fans, electrical heaters and other household appliance. The company has established the strong partnership with NEXGRILL, the international famous manufacturer of household gas BBQ stove, Oceanic International (Hong Kong) Limited is the largest partner of the well-known corporation -WHALEN which dedicates in hardware and household products. The products have been distributed to American, German, French, European, and Australian markets. At the same time, it will extend its popularity through E-business, exhibitions and other modern sale channels.
Oceanic Well Profit Inc.
Oceanic Well Profit Inc. specializes in designing and producing the gas grills, household water pumps, hardware cabinets, juicers and other green household electronics. The company is one of the most professional and largest manufacturers of the gas grills in China, with the maximum annual production capability: 650,000 units of BBQ Gas Grills, 1 million units of skateboards, 3 million units of water pumps and 2 million sets of hardware cabinests.
Manufacturing facilities operate efficiency while maintaining high workplace safety and environmental compliance standards. There are 500 regular full time employees and in peak season for home appliances buying, it usually hires another 300 employees.
Stainless Steel Coffee Pot Production Equipment
The main products for Stainless Steel Coffee Pot Production Equipment including coffee pots and other appliance coffee related.
The productivity is about 1.56 million sets parts of stainless steel coffee pot with productivity of over 10 million US dollars annually.
It has strong R&D technology ability, which includes 42 national patents. The main direction of R&D is the domains of the deep-processing of the sheet of stainless steel, new types of the heat preservation containers and the household electronic appliance.
Zhongshan City Weihe Appliances Co., Ltd.
Zhongshan City Weihe Appliances Co., Ltd. was established in Oct 1998, it's a company which dedicates on the processing and exportation for home appliance products which including European style decorative ceiling fans, decorative lamps, energy-saving lamps and so on, the company is an export oriented manufacturer. The total area of the company takes about 427000 square feet with the 8 modern plants shared 323000 square feet. The company equipped with over 300 sets of facilities and inspection equipments, several outstanding electrostatic spraying production lines, semi-automatic pipelines and high-speedy punching machines.
There are over 650 employees including over 48 engineers and administrative staff. The total annual production capacity is about 4 million ceiling fans, over 6 million sets of decorative lamps.
Management & Directors:
Mr. Yu, age 46, graduated from Zhejiang University of Technology with a B.S. degree in Mechanical Engineering in 1983. In 2002, he received a MBA degree from Xiamen University. Since September, 2008, he has dedicated his time to completing the Ph.D program thesis at Wuhan University Law School where he will graduate in June, 2010. From September, 2007 to August, 2008, he was the Vice President of China Wallink Investment Group ("Wallink"), where he oversaw the operational and financial activities of Wallink's portfolio companies. From October, 2005 to August, 2007, Mr. Yu was a Senior Vice President of Ever Fortune International Holding Limited ("Ever Fortune") where he directed the company's transition to an infrastructure construction industry including road, harbor, and bridge construction. He also restructured Ever Fortune's capital structure. From January, 2001 to September, 2005, Mr. Yu was the director of the investment bank department of China Taisheng Investment Holding Limited ("Taisheng"), where he managed Taisheng's mergers and acquisitions activities. During the period from July, 2002 to June, 2003, he was appointed by Taisheng, to be the Chief Executive Officer of one of Taisheng's portfolio companies-Hebei Huda Technology & Education Development Co., Ltd. ("Huda"). In this role he lead the transformation of Huda's business from the hotel and retail industry to manufacturing and distributing electric wire & electric cable, restructured the company's capital structure, and significantly upgraded Huda's internal operating and control systems.
Mr. Xu,age 34, has served as Special Assistant to the CEO of the Company since August 2008. Mr. Xu served as Chief Director of Audit of Stone Investment Group from October 2002 to July 2007. Prior to that, he was an Audit department manager at an international accounting firm (BDO members) from October 1998 to September 2002. From September 1996 to September1998, he was Finance Manager at China's Shaoxing City Textile Group.
Su Wen Jie
Senior Vice President
Mr. Su is the currently the Senior Vice President of Home System and joined the Company in 2005. Mr. Su brings to Home System years of expertise in employee training, overall corporate guidance, product design, production, and information exchange. His experience has been broad as Mr. Su is a published author in the field of international business and is a key asset to the Company in regards to understanding U.S. business and practices. Mr. Su also spearheads the Company's customer relations, marketing management, product research and development and quality control. Mr. Su is a graduate of Brigham Young University
Secretary of the Board
Ms. Liu Jing is currently the Secretary of the Board for Home System and has been with the Company since 2004. Ms. Liu has extensive international business expertise and is critical in assisting the Company with their export business. From 1991 to 2004, Ms.Liu was the International Grading Manager of Zhong Shan City China Czechoslovakia Steel Pipe Group Limited. Ms. Liu received her degree from the Guangdong Foreign Language Institute in 1991 where she majored in International Trade Specialization.
Li Min Hong
Ms. Li joined the Company in 2003 where she is currently the assistant to the CFO of Home System. Ms. Li utilizes her over 20 years of experience to facilitate the implementation of financial controls and accounting procedures. From 1986 to 1993, Ms. Li was the financial manager of Zhong Shan City factory. Prior to that Ms. Li was the financial manager of Zhong Shan City China Steed Steel Pipe Limited Company. Ms. Li is a graduate of Sunwen College with a degree in Financial management
Liu Dong Bing
Ms. Liu joined Home System in 2003 where she currently serves as the Finance Manager responsible for internal accounting procedure. Ms. Liu has several years of finance, accounting and ERP related experience having served as the head of the finance department for Zhongshan Steel-Tube Group. Mrs. Liu is a graduate of Xiangtan University in 1989¡£
Li Wei Ming
Mr. Li joined the Company in 2003 and currently serves as the Head of the Company's Tube Division. Mr. Li has several years experience in financial control while also teaching at local universities as it relates to accounting principles and international business.
Mr. Li Wei Qiu, aged 49, graduated from Guangdong Radio & TV University with the Bachelor degree in Economics. Also, from 1993 to 1995, he studied in South China University of Technology and majored in Automation Control. Since 1998, Mr. Li Weiqiu has been the Chief Executive Officer of Zhongshan City Weihe Applicances, Co., Ltd. Mr. Li has over 20 years' experience in product design, research, development, manufacture, and company management area.
Since June 2004, Mr. Cheung has also served as the Administrative Manager of our largest subsidiary, Oceanic International Company Limited. Prior to this time, Mr. Cheung served as the Chairman and Chief Executive Officer of Kang Teng Trading Company Limited in Zhongshan City, China, from May 1998 to May 2004. Mr. Cheung received a Bachelor degree in Business Administration from the Zhongshan City Shunwen College in 1989.
Mr. Xiao Yongzheng graduated from Hongkong University where he attained a MBA. Since June 2009, he has been with China US Venture Capital Group as vice president. From October 2006 to May 2009, he was General Manager of Investment Management of Shanghai Wanye Enterprises Co., Ltd. From August 2004 to October 2006 he was Vice President of Singapore TaiChen (Shanghai) Investment Management Co., Ltd.
Mr. Huafeng Chen, 35, is a Chinese Certified Accountant-Medium Level. He graduated from Hunan University with a degree in Accounting in July 1997. Since September 2004, he has been the director of Internal Control department in China Nepstar Chain Drugstore Ltd., which is listed on NYSE. He is in charge of the management of overall accounting operations and internal system set up over the financial system. From June 2002 to February 2004, he was the director of Internal Control department and also the financial manager in accounting department in China Resources Vanguard Co., Ltd, where he provided leadership in internal control system and financial system management. From April 2000 to May 2002, he was a project manager in Huatian Hotel Co., Ltd, where he oversaw projects' cost management and analysis.
Mr. Yidong Xiao, 34, is a Chinese Certified Public Accountant and Certified Tax Agent. He graduated from Hunan University with a degree in Accounting in July 1996. Since November 2006, he has been the director of the audit department in Shenzhen Yuanfeng Co., Ltd., a public accounting firm, where he works as an auditor responsible for audits and verification of client companies' financial statements. Shenzhen Yuanfeng Co., Ltd. does not provide any services to Home System Group. From November 2000 to November 2006, Mr. Xiao was a senior manager in accounting department of Hunan Yixin Chuanghui Co., Ltd. From September 1997 to October 2000, he worked as a staff accountant in Guangzhou Xinda Industrial Co., Ltd., where he was in charge of general accounting. From July 1996 to September 1997, he was an accountant in Hunan Hengyang Secondary Construction Engineering Company Limited
Mr. Yiming Zhu, 47, is a Chinese Certified Accountant-Senior Level. He graduated from Hangzhou Dianzi University with a degree in Economics in July, 1986 and in 1996, he received a Master degree in Construction Management from the same school. Since 1988, he has been working in China Electronic Corporation ("CEC"). CEC is the largest state-owned information technology company in China, with over 60 subsidiaries around the world. In September 2008, he was appointed to be the President of Amoi Electronics Co., Ltd., one of the CEC's subsidiaries, where he provides executive leadership for the company's strategy and operations with full income responsibility. From April 2007 to September 2008, he was the Vice President of Panda Electronics Group Co., Ltd, one of the subsidiaries of CEC, where he oversaw the company's accounting department and streamlined the accounting and billing activities, improving efficiency and profitability. From 1988 to 2007, Mr. Zhu worked in various financial roles of increasing responsibility with CEC.
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