text: <html>
          <head> <meta charset="UTF-8">
          <style>
          table, th, td {
              border: 1px solid black;
              font-size: 10px;
          }
          </style> </head>
          <body>
          <table frame="hsides" rules="groups" width="100%%">
              [html]<thead><tr><td>I believe the opportunities in China far outweigh the</td><td>In to</td></tr></thead><tbody><tr><td>risks. Despite heightened political tensions last year, orders and dealer traffic remained steady. DFL has set a sales</td><td>target of 300.000 Nissan - brand passenger vehicles in</td></tr><tr><td>ne</td><td>fiscal 2007. We also began construction on a new engine</td></tr><tr><td>eup,</td><td>factory in Huadu that will have a capacity of 300.000</td></tr><tr><td>engines per year. This provides new opportunities for</td><td>cooperation with Renault and increases our localization</td></tr><tr><td>Bar</td><td>level to nearly 80 percent.</td></tr><tr><td>One of the reasons for DFL ’ s success is that we</td><td>nore</td></tr><tr><td>manage the company based on mid - and long - term plans.</td><td>0</td></tr><tr><td>In 2004, we developed and implemented strategies for</td><td>cles.</td></tr><tr><td>DFL, such as brand building with the Teana. Based on that</td><td>ced</td></tr><tr><td>foundation, we brought more products to market, such as</td><td>the Tiida in 2005. These cars are targeted at a segment</td></tr><tr><td>that has huge potential. Given China ’ s own potential, we</td><td>Ref.</td></tr><tr><td>foresee significant overall growth in the long term. We have</td><td>set high targets for NISSAN Value - Up and I am confident</td></tr><tr><td>e</td><td>that we will achieve them.</td></tr></tbody>
          </table> </body> </html>