Xinyinhai Technology inks Qiqihar printing services deal
Xinyinhai Technology (OTC Bulletin Board: XNYH; the 'XNYH'), the Chinese printing enterprise that specializes in financial instrument printing, announced that it has entered into an agreement with Qiqihar Commercial Bank (the "Bank"), the local bank in Qiqihar city, Heilongjiang province, to act as the financial instrument printing services provider to the Bank.
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Pursuant to the agreement between XNYH and Qiqihar Commercial Bank, XNYH was selected as the printing company for the Bank, to print 300,000 saving books as the commencement of the cooperation between XNYH and the Bank.
Qiqihar Commercial Bank is a financial institution incorporated under the corporate law of the People's Republic of China and is governed by the regulations of China Banking Regulatory Commission. The headquarters of Qiqihar Commercial Bank are located in Qiqihar city, Heilongjiang province. Qiqihar Commercial Bank focuses on the development of local small and middle enterprises. Till May, 2006, the Bank supported nearly 50 local enterprises and the amount of loans was over RMB4 billion (or US$500 million).
"We are very happy we cooperate with Qiqihar Commercial Bank successfully. With the future proof our services and products are well on track, we have shown our ability to supply better services and deliver in time the products with outstanding performance that will benefit our customers," said Ms. Tian Ling, President of XNYH, "We are very pleased to see that XNYH is now ready for the future, and business relationship with Qiqihar Commercial Bank is a good commencement that we develop in this market."