With ensured credibility of major finish car manufacturers and further participation in new car development, the Company has established a revenue growth base and developed new businesses to participate in global management.

Pyung Hwa America was established in December 2008 to prepare the foundation for overseas growth by stably supplying parts required by major customers, Hyundai Motors and Kia Motors, and expanding revenue in new cars.

With ensured credibility of customers and further participation in new car development, the Company has established a revenue growth base and developed new businesses to participate in global management.

Under the current internal and external management environment where management policies of key customers are becoming globalized, it becomes more and more difficult to grow revenue without the market entry with customers. However, the Company has improved its situation and has met customer satisfaction through active customer engagement. We will further endeavor to raise Pyung Hwa's status toward the world.

Thank you.

CEO