LOFTEX INDUSTRIES IMP AND EXP LTD.

Loftex industries Ltd. is a large-scale export-oriented household textile manufacturer engaging in production and sale of towel series products. Our products mainly include all kinds of top grade bath towels, beach towels, reactive velour printing towels and kinds of towels with distinct satin borders. We also produce 100% cotton bathrobe, raschel blanket, acrylic fiber blanket?and fine embroidery products. Our products have been exported to over 30 countries and regions including Japan, America, Australia, Canada, and several European countries and, the total annual sales have amounted to US$75 million.

Loftex, with a total capital of RMB 1.4 billion and 7000 worker and staff members, occupies an area of about 4.3
million square meters, and currently has more than 2000 sets of various weaving machines among which 246 sets are Rapier looms and Jet looms and over 20 sets flat screen-printing processing lines with an annual output of 18000 tons towel products. Loftex attaches much importance to technical reform and innovation, and we have introduced many world-class looms and finish processing machines from Italy, Switzerland, Germany, Japan, and Taiwan and Hong Kong regions. At present our production capacity, especially towels with high technology, takes the lead in domestic textile industry.

Loftex owes its own strict management
mechanism and quality guarantee system. We obtained the certificate of ISO9002 in August, 1999 and ISO14001in June of 2002,and In September of 2002, Loftex was awarded the sole "3 Star" enterprise by China Home Textile Association and in December of 2002, it obtained the certificate of OEKO-Tex Standard 100 and series of "Yaguang" towels were awarded as China national famous brand products on September 12th in the year 2003.