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 Hubei Xingfa Chemicals Group Co., Ltd. (hereinafter referred to as “XINGFA”) is a public company whose main businesses are developing, producing and marketing a series of phosphoric products and fine chemicals. Established in 1994, XINGFA is located in Xingshan County, Hubei Province, where is known as the birthplace of the famous Han Ming Princess Wang Zhaojun-one of the four ancient beauties in China. XINGFA went public on the Shanghai Stock Exchange (SSE) in 1999, under Stock Code: 600141. The total assets of XINGFA reached up to 25.659 billion RMB, owing 45 whole owned and holding subsidiaries, with stuff of 10,541. Now it ranks 451th among the Top 500 Enterprises of China. Through 20 years of development, XINGFA is now regarded as one of the largest manufacturers of fine phosphoric products in China.