On September 1, 2012, China Enterprise Confederation and China Entrepreneurs Association jointly unveiled the list of “2012 500 Chinese Enterprises”. Grand Resources Group (hereinafter referred to as “GRG”) ranks 293rd on the list and 95th on the list of top 500 in the service industry, climbing 57 and 16 rungs respectively.

Eight enterprises located in Ningbo have made their way onto the list. Four of them witness obvious increase, while three see declines and one’s ranking remains unchanged. The total operating revenue of the eight companies has increased by 22.22%, RMB 39.219 billion, to RMB 215.74 billion in 2011. Younger, Aux, Ningbo Jintian Investment Holdings Limited and GRG all exceeded RMB 30 billion.

The threshold for the list of top 500 service companies is RMB 2.27 billion, an increase of 15.1% from last year. A total of 25 Ningbo companies have made their way onto the list, ranking NO.1 among all cities across the country. GRG ranks 95th on the top 500 list with an annual operating revenue of RMB 31.286 billion, China Yinyi(120th), China-Base Ningbo Foreign Trade Co., Ltd.(146th) Ningbo Sunhu Chem. Products Co., Ltd.(155th) and East China Material Market of Ningbo(200th).

Early on July 18(Ningbo Entrepreneurs Day), a grand ceremony was held to present awards to top 100 companies. GRG ranks 6th on the list of top100 Ningbo companies and 2nd on the list of top 100 service companies with an annual operating revenue of RMB 31.3 billion.