Tiasang Battery Joint Stock Company (TIBACO) is a Vietnam-based manufacturer of batteries. The Company is engaged in the manufacturing of approximately 100 battery product lines, which are used for automobiles, airplanes, vessels, tractors, tanks, trains, electric bikes, electric motorcycles, lighting equipment, electric equipment, uninterruptible power supply (UPS) systems, office equipment, telecommunications equipment, transformer stations and others. In addition, it operates one hotel in Hai Phong City, Vietnam. During the year ended December 31, 2012, 99.97% of its revenue came from the sale of battery products. As of December 31, 2012, the Company was a subsidiary of Vietnam National Chemical Corporation (Vinachem), and it had six branches in Vietnam.