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The committee room in the Longworth House Office Building where the first public hearings in the impeachment inquiry against US President Donald Trump are scheduled to take place is shown on Capitol Hill in Washington, US, on Nov 6, 2019. [Photo/Agencies]

The company has also diversified its business to cover a range of other areas, including energy, chemical and food equipment, logistics services and airport facilities, with its products being sold in more than 120 countries and regions. The operating revenue of the company reached 85.8 billion yuan (.5 billion) last year.

The companies said they would replace the faulty parts for affected car owners for free.

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The commission instructed water resources departments in Sichuan, Yunnan, Hubei and other province-level regions to work on monitoring, forecasting and warning of floods, while strengthening the inspection of reservoirs and embankments.

The company has plans to reach 4,500 stores in the country by 2020 and this year is on track to add 430 new stores. The company continues to penetrate to lower-tier cities, with more than 50 percent of new stores located in third-tier cities, said Cheung. New stores in larger cities are inclined to be smaller, about 250 square meters, she added.

The company estimates its sales this year will exceed 200,000 and reach 400,000 in 2021.

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The company has already developed its business in Hong Kong and the United States, from which it gained about 12.3 percent of its revenue in the first half, according to its disclosures.

The company also launched the CB650R Neo Sports Cafe Series and Sport Style CBR650R models with unique characteristics.

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The company and its underwriters will confirm the IPO date and publish its prospectus following discussions with the stock exchange.

The cloud service has helped to facilitate Ping An's overall business in the past few years. According to the company, Ping An had 170 million financial customers in 2017, up from 80 million in 2013. The group's overall revenue increased to 890.8 billion yuan in 2017, up from 362.6 billion yuan in 2013.