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Kiekert Aktiengesellschaft's relationship with Norinco Group

 The German company Kiekert Aktiengesellschaft is a subsidiary of North Lingyun Industrial Group Co., Ltd., and the book value of goodwill for Kiekert Aktiengesellschaft at the end of 2022 is RMB 51,321,586.40. North Lingyun Industrial Group Co., Ltd. sold automotive plastic parts to  Inner Mongolia First Machinery Group Co., Ltd., which produces tanks, for RMB 927,987.44 in 2022, a year-on-year increase of 402 times.

Waldaschaff Automotive GmbH,Ling Yun Indonesian Automotive Industry Technology, PT.and Waldaschaff Automotive Mexico S.de R.L. de C.V., income tax rates of which are 28.075%,25% and 30%, are also subsidiaries of North Lingyun Industrial Group Co., Ltd.

As a result of foreign subsidiaries, North Lingyun Industrial Group Co., Ltd.has been building production lines for producing goods, such as battery shell,battery case,etc., to customers VW, BMW and Porsche.

China North Industries Group Corporation Limited owned 65.29% shareholding in North Lingyun Industrial Group Co., Ltd.(Norinco Group). Obviously North Lingyun Industrial Group Co., Ltd. is a subsidiary of China North Industries Group Corporation Limited that produces arms for Chinese People's Liberation Army and even Russia.




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