On Jan. 17, 2013, the reorganization of Shanghai Huigong (Sewing Machine) Third Plant successfully completed. Approved by Xuhui Branch, Shanghai Administration of Industry & Commerce, the plant processed a new business license and officially renamed as Shanghai Bibaozhun Hailing Sewing Machinery Co., Ltd.
Shanghai Huigong (Sewing Machine) Third Plant was established in May 1993. Locating on Shanghai High-tech Development Zone, it was jointly established by Shanghai Yuanzhong Industrial Co., Ltd and China Standard Industrial Group Co., Ltd.
On Oct. 18, 2012, China Standard Industrial Group Co., Ltd, Shanghai Yuanzhong Industrial Co., Ltd, and Xi’an Typical Industries Co., Ltd. signed Reorganization Plan (Agreement) of integrating the Sewing Machine Business of Shanghai Huigong (Sewing Machine) Third Plant, China Standard Sewing Machine Co., Ltd and its relevant assets. The Sewing Machine Business of Shanghai Huigong (Sewing Machine) Third Plant and the Brand “HIGHLEAD” was brought into standard shares business system and the brand strategy. It will take full advantages on technology, brand, talents, and management, etc. In the standard shares industrial structure, the production scale will be enlarged, the production capacity will be enhanced, and the whole competition ability will be improved, therefore, to provide more value for customers.