Junzhi Group Co., Ltd. and its subsidiaries (collectively, the “Group”) are a major manufacturer in the People's Republic of China (“China”) that researches, develops and sells feeder series, optical cable series and related products, flame retardant flexible cable series, new electronic components and other accessories used in mobile communications and telecommunication transmission. The establishment of the Group is based on a solid foundation of its professional production and sales feeder series. Since its establishment, the Group has been committed to the telecommunications industry to expand its market and customer base. In 2010, the Group introduced a new product line - flame retardant flexible cable series, which was widely welcomed by customers. In 2014, the Group expanded its telecommunications industry business to manufacturing and sales of optical cables by increasing 65% of the actual interest in the rapidly growing optical cable manufacturer Jiangsu Junzhi Optoelectronics Communications Co., Ltd. The Group acquired the remaining interests in 2017. In 2018, the Group seized the opportunity of the booming sensing business and acquired 87.5% actual interest in Jiangsu Junzhi Sensor Technology Co., Ltd. (“Junzhi Sensing”). In addition to the 12.5% actual interest already owned by the Group, Junzhi Sensing became a wholly-owned subsidiary of the Group. The Group's registered trademark “Junzhi Technology TRIGIANT” is famous in the industry and has been recognized as a “famous trademark in China” by the Trademark Office of the State Administration for Industry and Commerce of China. The Group's main customers include China Mobile Communications Group Corporation (“China Mobile”), China Unicom (“China Unicom”), and China Telecom Group Corporation (“China Telecom”), China Telecom Group Corporation (“China Telecom”), and major telecommunications equipment manufacturers (such as Shenzhen Zhongxing Kangxun Electronics Co., Ltd. and Huawei Technologies Co., Ltd., which are subsidiaries of ZTE Corporation).