Panasonic Group is a global electronics manufacturer, engaged in a variety of electrical products production, sales and other business activities. In 1978, Chinese state leaders visited the Japanese TV factory of our Group. During the meeting, Konosuke Matsushita, an entrepreneur, expressed his determination to contribute to China. Subsequently, Panasonic Group entered the initial stage of its business in China. During these years, the Group has been committed to product exports and technical cooperation with factories in China, and set up its first joint venture factory in 1987. Up to now, Panasonic Group's business activities in China involve research and development, manufacturing, sales, service, logistics, publicity and other aspects. Matsushita Electric (China) Co., LTD., founded in 1994 and wholly owned in 2002, is mainly responsible for the sales and after-sales service activities of household appliances, systems, environment, components, medical equipment and other commodities. As an investment company in China, Matsushita Electric (China) Co., Ltd. is also responsible for personnel training, finance, legal affairs, environmental protection, intellectual property rights and other comprehensive and supporting activities. In January 2012, Matsushita Electric (China) Co., Ltd. absorbed and merged Matsushita Electric (China) Co., Ltd. to further expand its business scope.