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On December 22, 2020, the strategic cooperation signing ceremony between Xiben Petroleum Precision Co., Ltd. and Guangzhou Xiben Precision Petroleum Technology Development Co., Ltd. was held grandly. Mr. Zhang Youchang (Chairman of Feisha Lubricants (Guangzhou) Co., Ltd.), an investor, and representatives from Xiben Petroleum Precision Co., Ltd. officially signed a cooperation agreement in the presence of industry customers and media, marking the beginning of the strong entry of the "Xiben" brand into the Chinese aftermarket. With the official landing of the "Xiben Car Maintenance" automobile service chain in China, it will provide a better one-stop maintenance service experience for car owners, and also bring a more competitive aftermarket profit model for franchise maintenance terminals.

Mr. Zhang Youchang (right), an investor of Guangzhou Xiben Precision Petroleum Technology Development Co., Ltd., signed a contract with Haoze Harada, a representative of Xiben Precision Petroleum Co., Ltd

Seiben Petroleum Precision Co., Ltd. adheres to the principle of sustainable innovation, follows Japan's traditional and enduring business model, produces lubricants/agents, specialty liquids, and automotive parts products that meet the latest environmental protection standards, exceed the strictest OEM requirements, and are designed to achieve excellent performance under extreme working conditions and external environments.

After months of investigation, communication, and negotiation with Guangzhou Xiben Jinggong Petroleum Technology Development Co., Ltd., the two parties finally reached a strategic partnership agreement. According to the agreement, Xiben Petroleum Precision Co., Ltd. authorizes Guangzhou Xiben Precision Petroleum Technology Development Co., Ltd. to fully operate the "Xiben" brand in Greater China, jointly combining the essence of "Xiben" Japanese precision products and the brand concept of continuous innovation with China's national conditions, and promoting it in the huge potential Chinese automotive aftermarket.

The Chinese automobile market has a broad prospect and will continue to maintain high growth in the next 10 years, while the maintenance market capacity will also maintain considerable growth, expected to reach a scale of 1.7 trillion yuan by 2025. Deloitte's "2020 China Automotive Aftermarket White Paper" points out that consumers in the high-capacity aftermarket are more concerned about providing various types of one-stop services for maintenance services; And maintenance terminals also urgently need to change traditional models and break through operational difficulties.

After the official launch of the "Xiben" brand in the Chinese market, Guangzhou Xiben Precision Petroleum Technology Development Co., Ltd. will leverage the advantages of "Xiben" products and brand to exert its core competitiveness in manufacturing and selling high-quality lubricants and automotive parts. In response to the one-stop service needs of Chinese automotive aftermarket consumers and maintenance terminals, it will fully develop the "Xiben Car Maintenance" automotive service chain. By standardizing operations such as a unified brand image, unified business model, unified pricing policy, unified promotion plan, unified technical standards, and unified material supply, and leveraging the technological, network, and brand advantages of the chain system, equipped with the latest and effective customer acquisition plans, franchise chain stores can enhance their market competitiveness, while bringing a sense of stability, trust, and security to car owners, becoming a trusted "car maintenance expert" around them, thus achieving stable and rapid development.

The "Xiben" brand with unique competitive advantages will become an undeniable new force in China's automotive aftermarket! At present, the investment promotion of the "Xiben Car Maintenance" automobile service chain is fully underway! We look forward to the participation of knowledgeable people and the sharing of the trillion yuan automotive aftermarket dividend! Franchise hotline: 400-112-1139.