Amerson forms Strategic Alliance with Sichuan Provincial Investment Promotion Bureau

Chengdu, China, 10 Feb 2009: Amerson Ltd. has formed strategic alliance with Sichuan Provincial Investment Promotion Bureau (SPIPB), for co-operation of introducing foreign investments into this China West’s most populous and N0. 1 ranked province in term of comprehensive competency in West of China. SPIPB is the official government agency in charge of provincial wide foreign and Chinese domestic investment related policy guidance and interpretation, planning and implementing, and administration. Amerson will utilize its worldwide resources to perform global market research and prospects identification, formulate investment promotion strategy and tailored market offerings and tactic marketing plans, as well as provide market centered services for potential prospects to facilitate their decision making and executing processes.

“Sichuan has been historically known as the ”Province of Abundance“. It is one of the major agricultural production bases of China. Grain, including rice and wheat, is the major product with output that ranked first in China in 1999. Commercial crops include citrus fruits, sugar canes, sweet potatoes, peaches and grape seeds. Sichuan also had the largest output of pork among all the provinces and the second largest output of silkworm cocoons in China in 1999. Sichuan is rich in mineral resources. It has more than 132 kinds of proven underground mineral resources of which reserves of 11 kinds including vanadium, titanium, and lithium are the largest in China. Sichuan is one of the major industrial bases of China. In addition to heavy industries such as coal, energy, iron and steel industry, the province has established a light manufacturing sector comprising building materials, wood processing, food and silk processing. Chengdu and Mianyang are the production bases for textiles and electronics products. Deyang, Panzhihua, and Yibin are the production bases for machinery, metallurgy industries, and Chinese liquor respectively. The Chinese liquor production of Sichuan accounted for 21.9% of the country’s total production in 2000. Great strides have been achieved in accelerating the development of Sichuan into a modern hi-tech industrial base by encouraging both domestic and foreign investments in electronics (e.g., poly crystalline semi-conductor and its downstream industries) and information technology (such as software R&D and IT offshore outsourcing), machinery and metallurgy (including automobiles), hydro power, pharmaceutical, food and beverage industries. The auto industry is important and a key sector of the machinery industry in Sichuan. Most of the auto manufacturing companies are located in Chengdu, Mianyang, Nanchong, and Luzhou. Other important industries in Sichuan include aerospace and defense (military) industries. Sichuan’s beautiful landscapes and rich historical relics have also made the province into a major center for tourism,” said Mr. Ping Pu, the Director of Information & Service Center at SPIPB.

Leveraging on its local abundance of inexpensive skilled and less skilled workforce, solid public infrastructure, fast development of transportation networks, and favorable government policy incentives, Sichuan is able to attract 135 of the Fortune Global 500 to set up their manufacturing plants, R&D centers, and branch offices in Sichuan.

“With our alliance with Amerson Ltd., a locally well known US consulting services provider, I truly believe that this co-operation will further strengthen our capability to reach out and attract more high quality foreign investments into our province,” according to Mr. Pu.

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Tiffany Wang

Chief Marketing & Communications Officer

Amerson Ltd.

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