Yulon Finance Corporation (Taiwan, China)

Taiwan Acceptance Corp. was jointly founded on April 12, 1990 by Yulon Motors and General Electric Financial Company. The company made up public offering in June 1997. It was listed officially in OTC market on September 4, 1999 and publicly traded on the Taiwan Stock Exchange on September 17, 2001. Taiwan Acceptance Corporation is principally engaged in the provision of services related to the distribution and rental of cars. The company provides pre-owned car loan agent services, which includes the account receivable trading business. It operates its car loan agent business through cooperation with financial institutions. The company assists financial institutions to promote car loan services, evaluate debtors' credit and provide account management services. It also provides car installment services for the purchase of new cars. The company operates its businesses primarily in domestic markets.