Shanghai World Expo (Group) Co., Ltd. was founded on 18th February 2004 with the joint investment from State-owned Assets Supervision & Administration Commission of the Shanghai Municipal Government, Shanghai State-owned Assets Operation Co., Ltd., Shanghai Media & Entertainment Group, and Council for the Promotion of International Trade Shanghai.
Dai Liu is the legal representative of the company and chairman of Board of Directors and Chen Xianjin is the president of the Group.
Equity structure
The registered capital of the company is CNY 1.11 billion, of which 80.30% belongs to Shanghai East Best International (Group) Co., Ltd. in equity and cash authorized by State-owned Assets Supervision & Administration Commission of the Shanghai Municipal Government. And other shareholders take up the rest shares in the form of cash including Shanghai State-owned Assets Operation Co., Ltd.(SSAO)7.58%, Shanghai Media & Entertainment Group7.58£¥ and Council for the Promotion of International Trade Shanghai 4.54%.
In August 2005, State-owned Assets Supervision & Administration Commission of the Shanghai Municipal Government increased its investment in the company by adding 49% its equity in Shanghai Exhibition Center. Then the registered capital remains the same with changes in share percentages: State-owned Assets Supervision & Administration Commission of the Shanghai Municipal Government91.52%, Shanghai State-owned Assets Operation Co., Ltd.(SSAO)3.26% and Council for the Promotion of International Trade Shanghai1.96%.
Business By the end of 2005, the number of companies in the Group totaled 79.
Business scope includes: foreign trade, real estate & property management, domestic trade, high technology, technological exchange during exhibition and trade negotiation, conference reception, exhibition hosting, lease of exhibition space, collection and distribution of information and materials concerning exhibition as well as commercial consultation. (License is a must in some cases).
The major business of the company is human resources, exhibition, advertising, trade and logistics operated with market mechanism.
Based upon it, the Group constructed the 5major business sectors with the integration of the conglomerate¡¯s present resources: human resources(Shanghai Foreign Service Co., Ltd.), conventions & exhibitions(Shanghai International Trade Promotion Co., Ltd., Shanghai International Exhibition Co., Ltd., Shanghai Automobile Exhibition Center£¬Shanghai Modern International Exhibition Co., Ltd., etc.), advertising(Shanghai Advertising Co., Ltd.), logistics(logistics), trade(Shanghai Arts & Crafts Import & Export Co.,Ltd., Shanghai Arts & Crafts Jewelry Import and Export Co., Ltd £¬Shanghai Gloves & Headwear Import & Export Co., Ltd. £¬Shanghai Foreign Trade Enterprises Co., Ltd. Shanghai Foreign Trade (East Best) Co., Ltd£¬Shanghai International Trade Promotion Co., Ltd..) and other business sectors( Shanghai Racing Commercial Co., Ltd., Shanghai East Best Assets Management Co.,Ltd. and SNP Leefung Printers(Shanghai) Co., Ltd). Meanwhile, the exhibition sector is integrated with the conventions & exhibition sector; and companies directly involved in Expo business like Shanghai World Expo Operation & Management Co., Ltd., Shanghai Expo Information Network Co., Ltd., Shanghai World Expo Human Resources Development Center and Shanghai World Expo Cultural Communications Co., Ltd. are integrated into a whole team.
