About HXTL Company

Hengxin Technology Co., Ltd. (“Hengxin Technology” or the “Company”, together with its subsidiaries, collectively the “Group”) is one of the leading manufacturers of antenna feed integrated products in the mobile communications field in the People's Republic of China (“China”). For the year ended December 31, 2022 (“Fiscal Year 2022”), the Company has completed the acquisition of Nanjing Zhangyu Information Technology Co., Ltd. (“Nanjing Zhangyu”) and Shanghai Zhangyu Information Technology Co., Ltd. (“Shanghai Zhangyu”) (collectively, the “Handmaster Company”) to establish the Company's New Digital Technology and Digital Security (“Digital Technology and Digital Security”) business division. The Digital Technology and Digital Security business division is mainly dedicated to chip R&D, design, sales and supply chain services, semiconductor intellectual property licensing business, and digital security products and services. For the year ended December 31, 2023 (“Reporting Period” or “Fiscal Year 2023”), the Company completed the acquisition of Zhejiang Zhongguang New Energy Technology Co., Ltd. (“Zhejiang Zhongguang”) and established the Company's new energy and services (“New Energy and Services”) business division. The New Energy and Services Business Division is mainly dedicated to electricity supply, focusing on solar energy production and sales, and providing development consulting and technical services for photothermal power generation technology. Currently, the New Energy and Services Business Division owns and operates two concentrated solar power generation (“CSP”) tower molten salt storage power plants, with an operating scale of 10 megawatts and 50 megawatts respectively, both located in Delingha, Qinghai Province, China. The production base of Jiangsu Hengxin Technology Co., Ltd. (“Jiangsu Hengxin”), a wholly-owned subsidiary of the Company, is located in Yixing City, Jiangsu Province, China. Jiangsu Hengxin's total annual production capacity is about 168,000 kilometers of RF coaxial cables for mobile communications, 7,860,000 pieces of accessories and 120,000 antennas. The Group has adopted a strategic regional sales system in China to provide services to a number of long-term and stable high-quality customers, including major telecom operators in China (such as China Unicom, China Mobile, China Telecom) and major telecom equipment manufacturers. In addition to China, the Group's products are mainly exported to Europe and Asia. Through our wholly-owned subsidiary in India, we began selling to local telecom operators in 2010. Based on sales volume of RF coaxial cables for the mobile communications industry, we have always been the market leader in China. The Company is listed on the main board of the Hong Kong Stock Exchange Limited (“Hong Kong Stock Exchange”).