About RUIYUAN IC TECH Company

Zhejiang Ruiyuan Intelligent Control Technology Co., Ltd. (“Ruiyuan Intelligent Control”) is a company listed on the Hong Kong Stock Exchange Limited (“Stock Exchange”) GEM (“GEM”). (stock code HK08249) is mainly engaged in the design, manufacture and sale of intelligent controller systems for consumer appliances and electronic products. In 2016, Zhejiang Ruiyuan Intelligent Robot Co., Ltd. became the controlling shareholder of Ruiyuan Intelligent Control, and Mr. He Keng became the chairman of Ruiyuan Intelligent Control. Zhejiang Ruiyuan Intelligent Robot Co., Ltd. is owned by Hangzhou Qindie Electromechanical Equipment Co., Ltd. (“Hangzhou Qinde”) and Zhuji Jinfu Electromechanical Equipment Co., Ltd. (“Zhuji Jinfu”). It is mainly engaged in R&D, production and sales of intelligent robots, intelligent digital control equipment, automated control systems and precision machinery. Mr. He Keng owns 51% of Hangzhou Qindie's shares, and Mr. He Keng is also the chairman of Ruiyuan Machine Tool Group. Ruiyuan Machine Tool Group is headquartered in Zhejiang. It is a national key high-tech enterprise specializing in the manufacture of CNC machine tools integrating scientific research and development, manufacturing, marketing and sales, and technical services; a national equipment manufacturing industrialization base; an implementation unit for key national science and technology projects in the “12th Five-Year Plan” high-tech development and industrialization; and the largest enterprise in the CNC lathe industry in Zhejiang Province. It is mainly engaged in the development, production and sale of all kinds of large, medium and small precision horizontal CNC machine tools and heavy lathes, CNC turning centers for special CNC equipment and special machine tools. Since its establishment, Ruiyuan Machine Tool Group has been awarded honors and titles such as “Top Ten Enterprises in China's Machine Tool Industry”, “Top 100 Manufacturing Enterprises in Zhejiang Province”, “National High-tech Enterprise”, “Zhejiang Industrial Industry Leading Key Enterprise”, “Zhejiang Credit Demonstration Enterprise”, “Zhejiang Famous Trade Name”, “Zhejiang Labor Management Integrity Unit”, and “Shaoxing Top 100 Enterprises”.