About PAX GLOBAL Company

Baifu Global Technology Co., Ltd. (“Baifu” or the “Group”) is a leading supplier of electronic payment point of sale terminals (“electronic payment terminals”) in Asia and one of the most active suppliers in the world Baifu was established in 2000 as a subsidiary of Goyang Group (listed on the Hong Kong Stock Exchange, stock code 818), then listed on the Hong Kong Stock Exchange through a spin-off listing in December 2010 Baifu is headquartered in Hong Kong, China. The R&D and operation center is mainly located in Shenzhen, China, and the US branch is located in Jacksonville, Florida, USA Baifu is a national high-tech enterprise and was recognized as a key software enterprise in the 2013-2014 national planning layout It has more than 860 employees, of which 55% are research and development engineers, 34% are sales and marketing personnel, and the rest are operation and management personnel Up to now, Baifu's electronic payment terminals have installed more than 9 million units worldwide We have cooperated with nearly 90 distributors or partners around the world, sold products to more than 80 countries and regions, and completed a strong “global layout” The management team consists of experienced talents with a good track record in the industry In the first half of 2015, 50% of revenue came from overseas markets