2020.5

Anhui Xinyida Polishing Machinery Co., Ltd. Successfully Restructured into a Joint Stock Company and Officially Renamed “Anhui Xinyida Polishing Machinery Co., Ltd.”

In order to further improve corporate operations and management mechanisms, enhance core competitiveness, and create better performance and customer value, Anhui Xinyida Polishing Machinery Co., Ltd. successfully completed its corporate restructuring on May 27, 2020, and was officially renamed “Anhui Xinyida Polishing Machinery Co., Ltd.”

This restructuring marks an important milestone in the company’s development, symbolizing a solid step forward on the path toward standardized and modern enterprise management.

Significance of the Restructuring — Moving to a Higher Development Platform

The transformation into a joint stock company not only optimizes the corporate governance structure but also creates favorable conditions for introducing more high-quality resources and expanding market share.
Through this institutional upgrade, Xinyida will further:

• Improve management efficiency: Enhance decision-making mechanisms and operational transparency;

• Strengthen capital capabilities: Broaden financing channels to support R&D and production capacity expansion;

• Optimize resource allocation: Integrate upstream and downstream resources to improve industry chain synergy;

• Expand market influence: Leverage the advantages of a joint stock company to accelerate domestic and international market expansion.

Unchanged Commitment — Continuing to Focus on the Mechanical Polishing Equipment Field

Although the company name and organizational structure have changed, Xinyida’s core positioning, business scope, and service commitments remain the same.
The company will continue to focus on the R&D, manufacturing, and sales of mechanical polishing equipment, with main products including:

• Head polishing machines

• Tank polishing machines

• CNC polishing machines

• LNG through-type polishing machines

• Plate weld roll polishing machines

These products are widely used in the food, pharmaceutical, chemical, energy, and military industries, and are exported to many countries and regions.

Looking Ahead — Lean Manufacturing, Continuous Innovation

Following the restructuring, Anhui Xinyida Polishing Machinery Co., Ltd. will continue to uphold the business philosophy of lean manufacturing, continuous innovation, and customer-first, striving to further improve R&D capabilities, production scale, quality management, and international market reach.
The company is committed to providing high-efficiency, high-precision, and highly reliable polishing solutions for customers worldwide.