Xammax Technology Co. Ltd., with our corporate office and manufacturing plants located in Shenzhen, China, is a leading manufacturer in the international cycling products industry for the past 20 years. Our corporate company is the first batch of public listed companies being listed at the Shenzhen Stock Exchange since 1993. We were also the largest exporter for bicycles for the dealer market in the US and Europe between the years of 1988 and 1996; and the annual export sales was over 1.2 million units. We are widely recognized as one of the most quality oriented bicycle factories. Our new factory with an annual production capacity for over 2 million bicycles is one of the largest of its kind and is equipped with the most technologically sophisticated production and testing facilities. To stay ahead with other manufacturers in the bicycle manufacturing industry our company highly values the three fundamentals of a product - quality, product design and technology innovations. Our factory is equipped with most technologically advanced production facilities for manufacturing of both cycling products and electric mobility products. This is further backed up with the highest standard of quality assurance and quality control system in the industry. This system is based on an experienced team of quality engineers, comprehensive quality monitoring and reporting system and the setup of fully integrated and computerized testing equipment for both critical parts and finished product. Unlike most of other manufacturers in this industry which seldom have their own design for their products, our company is proud of being the leader in the industry of offering proprietary product platforms for our products. Our product engineering team has turned out over 50 originally designed product platforms for cycling products, electric bicycles and electric scooters in the past 5 years which is a remarkable achievement in this industry. We are also leading the industry on technology innovations. We are one of the few manufacturers in the industry which has its own fully integrated and professional engineering team for all the critical electronic and electrical parts. This enables us to design the best features and performance parameters for all the critical electronic and electrical parts equipped on our electric mobility products. Our factory owns numerous design patents for our electric mobility products and intellectual property on electric motor, torque sensor and controlling system. Going forward our company mission is to become the market leader in the electric mobility products industry for both the international markets and the domestic market in China.