Kunming Yunnei Power Co., Ltd. (the Company) won the approval of Yunnan People’s Government on July 2nd 1998. It was solely initiated by Yunnan Internal Combustion Engine Factory and was established through social fund-raising in March 1999. Yunnan Internal Combustion Engine Factory subscribed to 120 million ordinary shares which accounted for 66.67 of the total number of ordinary shares issued by the Company.
In March 2014, Yunnan Internal Combustion Engine Factory has restructured and renamed as Yunnan Yunnei Power Group Co., Ltd. and has completed the transfer of stock ownership. Thus the holding shareholder of the Company was changed to Yunnan Yunnei Power Group Co., Ltd.
In November 2014, the Company implemented private placement. Yunnan Yunnei Power Group Co., Ltd. purchased 8,412,699 ordinary shares in cash and thus increased its shares to 268,063,839 shares, which accounted for 33.55% of the total number of ordinary shares issued by the Company.
Place of incorporation: Kunming, Yunnan Province. Legal Representative: Yang Bo. Business range of the Company: development, production and sales of diesel engines. Currently, the company is one of the largest manufacturers of small cylinder bore diesel engine in China. It is at the forefront of the industry in terms of development and production capability.
On November 26, 2005, the Company launched its new energy-saving D16TCI、D19TCI electric controlled high pressure common rail diesel engine of proprietary intellectual property rights. The comprehensive performance index of the product reached advanced level among similar international products, and it can be used in cars, SUV, MPV and high-end commercial vehicles.