GHRD definition

GHRD. Guangqi Honda Automobile Research & Development Co., Ltd. ( ), a company incorporated under PRC law on 27 April 2007 for the purpose of conducting research and development of the products and technologies in which GHRD has proprietary rights, which is a wholly owned subsidiary of Guangqi Honda “Guang’ai” Guangzhou Guang Ai Insurance Brokers Limited ( ), a company incorporated on 7 June 2006 under PRC law which is a sino-foreign Joint Venture Company in which our Company, GAC Commercial and Aioi Insurance Company Limited own 50.2%, 24.9% and 24.9% equity interest, respectively. It is a subsidiary of our Company and its principal business is to provide insurance related-services. Yan Zhuangli, a deputy general manager of our Company, is the chairman of Guang’ai
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