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Shanghai Huasheng Fujitec Escalator Co., Ltd. (hereinafter referred to as “Escalator Company”) is a Sino-Japanese joint venture established jointly by Japan Fujita Co., Ltd. and China National Textile Corporation. It was established in March 2002 at Shanghai Songjiang. No. 1002, Xinfei Road, Economic and Technological Development Zone. The company has a registered capital of 12 million US dollars. The total investment amount is 18 million US dollars, and the equity ratio of China and Japan is 60% and 40% respectively. Escalator has a factory scale of 51,618 square meters, a production capacity of 3,000 units per year, and a total of 210 employees. It is the only escalator company in China that is positioned to focus on horizontal mobile solutions.