Zhejiang Fengmao Technology Co., Ltd.

ZHEJIANG FENGMAO TECHNOLOGY CO., LTD. WAS ESTABLISHED IN 2002 (HEREINAFTER REFERRED TO AS "THE COMPANY"). FOR MORE THAN 20 YEARS, IT HAS FOCUSED ON THE RESEARCH, DEVELOPMENT, PRODUCTION, AND SALES OF COMPONENTS FOR BELT DRIVE SYSTEMS, THERMAL MANAGEMENT SYSTEMS, AND AIR SUSPENSION SYSTEMS. ITS PRODUCTS ARE WIDELY USED IN VARIOUS INDUSTRIAL FIELDS SUCH AS AUTOMOBILES, MOTORCYCLES, TEXTILE MACHINERY, HOME APPLIANCES AND BATHROOMS, AGRICULTURAL MACHINERY, RAIL TRANSIT, AND OTHERS. IT IS RECOGNIZED AS A KEY "LITTLE GIANT" ENTERPRISE UNDER THE SECOND BATCH OF SPECIALIZED AND INNOVATIVE ENTERPRISES BY THE MINISTRY OF INDUSTRY AND INFORMATION TECHNOLOGY. IN 2022, THE MULTI-WEDGE BELT FOR PASSENGER VEHICLES WAS AWARDED THE NATIONAL-LEVEL "SINGLE CHAMPION" PRODUCT, AND ON DECEMBER 13, 2023, IT SUCCESSFULLY WENT PUBLIC ON THE CHINEXT BOARD OF THE SHENZHEN STOCK EXCHANGE.

THE COMPANY HAS OVER 1,200 EMPLOYEES, INCLUDING 152 IN THE PROFESSIONAL TECHNICAL DEVELOPMENT TEAM. IT HAS ESTABLISHED A NATIONALLY RECOGNIZED CNAS LABORATORY AND POSSESSES FIRST-CLASS DEVELOPMENT CAPABILITIES IN THE FIELD OF TRANSMISSION SYSTEMS, ABLE TO PROVIDE COMPLETE GEARBOX SOLUTIONS FOR MAJOR DOMESTIC AND INTERNATIONAL MANUFACTURERS. IT HAS FORMULATED OR PARTICIPATED IN DRAFTING 49 INTERNATIONAL, NATIONAL, INDUSTRY STANDARDS, AND GROUP STANDARDS, IS A MEMBER UNIT OF THE NATIONAL TECHNICAL COMMITTEE FOR THE STANDARDIZATION OF RUBBER AND RUBBER PRODUCTS, AND IS ALSO RECOGNIZED AS AN ADVANCED UNIT IN THE STANDARDIZATION WORK OF THE NATIONAL TECHNICAL COMMITTEE FOR THE STANDARDIZATION OF PULLEYS AND BELTS.

THE COMPANY ACTIVELY COLLABORATES WITH DOMESTIC UNIVERSITIES AND RESEARCH INSTITUTIONS TO TACKLE KEY AND COMMON TECHNOLOGIES. WITH SUPPORT FROM UNIVERSITIES SUCH AS SOUTH CHINA UNIVERSITY OF TECHNOLOGY, JILIN UNIVERSITY, AND QINGDAO UNIVERSITY OF SCIENCE AND TECHNOLOGY, IT HAS ESTABLISHED PROVINCIAL "PROVINCIAL ENTERPRISE RESEARCH INSTITUTE", "PROVINCIAL ENTERPRISE TECHNOLOGY CENTER", AND "PROVINCIAL POSTDOCTORAL WORKSTATION". THIS FACILITATES THE LOCAL TRANSFORMATION OF INDEPENDENT INNOVATION RESULTS, REDUCES PRODUCTION COSTS, AND ENHANCES CORPORATE EFFICIENCY.