(31st March 2021——Hong Kong)The board (the “Board”) of directors (the “Directors”) of Prinx Chengshan (Cayman) Holding Limited (the “Company” or “Prinx Chengshan”; Stock code: 1809) and its subsidiaries (the “Group”) is pleased to announce the annual results of the year ended December 31, 2020 (the “Year” or “Reporting Period”).…

On Jan 28-29, the 10th China Charity Festival was held in Shanghai. Prinx Chengshan won the 2020 Responsibility Brand Award and 2020 Social Responsibility Award for Listed Companies, Haier, Blue Moon, Everbright Bank, GAC motor and other well-known enterprises jointly won the awards.…

On Jan 6th, the 5th Golden Hong Kong Stock Award Ceremony jointly sponsored by Zhitong Caijing and Tonghuashun Finance was held in Shenzhen. Prinx Chengshan won the Best Industrial Manufacturing Company Award, together with SANY Group, Tiangong International, Weichai Power, CIMC Group and other well-known industrial enterprises.…

On Dec 22th, the Annual Meeting of World Managers jointly held by World Brand Lab, World Media Lab and World Manager Group was held in Beijing. Chengshan tire, a brand of Prinx Chengshan, won the title of top 10 influential brands of China tire.…

On Dec 17th, the 2020 Annual Purchasing Meeting of Jiangling Motors Co., Ltd. was held in Nanchang, Jiangxi Province. The theme of the meeting is "To Join Hands And Win With Quality". It aims to recognize the suppliers who have made outstanding contributions this year. Prinx Chengshan won the 2020 Excellent Supplier Award in this meeting.…

On November 16th, the event of "Best Listed Company in Asia-Pacific • 2020" organized by Gelonghui was held in Chengdu, Sichuan province. Prinx Chengshan was invited and won the "2020 Best Brand Value Award", together with Country Garden, Rongshine Group, Nio, Tongcheng Elong and other well-known enterprises.…

On October 14th, the event of "Gathering New Journey - Creating Wealth in China" jointly sponsored by Prinx Chengshan, Jingdong Logistics and China Automotive brothers ended successfully in Wuhan. As an event partner, Prinx Chengshan once again brought its brand, Chengshan tire, to interact closely with truck drivers after the Xi'an event held in September.…

On Sep 19th, Prinx Chengshan was invited to attend the 2020 Partner Conference of Dongfeng Vasol Truck, and was selected as "2020 excellent strategic cooperation supplier".

On Sep 18, the event of "Gathering New Journey - Creating Wealth in China" jointly sponsored by Jing Dong Logistics and China Automotive Brothers landed in Xi'an. As event partner, Prinx Chengshan and its brand Chengshan Tire interacted closely with truck drivers and aimed to help them create more wealth.…

Due to increase in net profit forecast, we have lifted TP to HK$9.30 and kept investment rating as "Accumulate", representing 6.5x 2021 PER and 5.5x 2022 PER.