Wu Tangqing

Zheng Li Holdings Limited is an investment holding company. The Company, through its subsidiaries, is principally engaged in the business of maintenance and repair of passenger cars, and modification, tuning and grooming of the performance or appearance of passenger cars and trading of spare parts and accessories. Its segments include maintenance and repair services segment, which relates to the repair of manufacturer's defects, replacement of parts due to wear and tear, or repair of damage resulting from accidents, and the modification, tuning and grooming services and trading of spare parts and accessories segment, which relates to the modification, tuning and grooming of the performance or appearance of passenger cars and the trading of spare parts and accessories. Maintenance and repair services are typically charged based on the labor time and cost of parts incurred. It also sells passenger car spare parts and accessories in Singapore, and export to other countries.