Ningbo Mingguang Investment Holding Group originated in the 1980’s sweater fashion. In 1983, Weng Mingguang was still a young entrepreneur, after 10 years hard pioneering days to achieve the first crossing. The group chairman Weng Mingguang, established Yinxian Mingguang Garments CO., LTD. In July 2006, Mingguang Garment restructured and established Mingguang Investment Holding Group, laying the groundwork for the second step. Now, the group’s business scope covers knitting clothing, auto parts, import and export trade, financial investment, high-tech venture investment and the internet investment. The clothing brands “Rentouniao” and “Mi laoda” including their 28 branch companies are well known all over the country, In addition, The Production and sales of automobile wheels of Zhejiang lioho Light Metal Machinery CO., LTD that is the branch company of Mingguang Investment Holding Group, has the top 10 rank in the domestic industry. The annual sales for 2014 reached 1 billion yuan which makes the company become the largest wheel manufacture in China. At present, the group has 135 million yuan of registered capital, 800 million yuan of total assets and more than 2000 employees within 8 holding companies.