Goldcard Smart Group Co., Ltd.

Goldcard Smart Group Co., Ltd. (Stock Code: 300349) is a prominent utility digitalization solution provider based in China, specializing in smart gas, smart water, hydrogen metering, and new energy end-to-end digital solutions and services. The company is committed to enhancing customer experiences through innovative technology and aims to contribute to carbon neutrality and digital transformation in public utilities. Goldcard operates under the philosophy of being customer-oriented and strives to improve life quality through its offerings. The company’s core business lines include the development of Internet of Things (IoT) solutions for public utilities, with a focus on smart metering technology. Goldcard has established itself as a pioneer in the industry, launching China's first IoT smart gas meter and platform in 2013 and initiating the world's first remote meter reading pilot project using NB-IoT technology in Shenzhen in 2016. Its comprehensive solutions encompass intelligent terminals, software systems, and cloud services, enabling efficient data processing and connectivity across various utility operations. Goldcard's IoT platform, "Energy Cloud," has achieved significant milestones in performance and security, supporting a growing number of connected devices.

Core Competence Analysis (I) Advantages of R&D Goldcard and its subsidiaries Tancy Instrument Co.,Ltd,Beijing Digital Finance Software Development Co.,Ltd and ESLink Computing（Hangzhou）Co.,Ltd are all certificated high-tech enterprises. We have always been committed to continuously improving product performance and service quality with pioneering and forward-looking technologies, continuously increasing R&D investment and technological innovation, and have established R&D centers with international professional level in Hangzhou, Beijing, Shijiazhuang and Wenzhou, implement the Integrated Product Development system, and establish an inter-departmental Integrated Portfolio Management Team and Product Development Team to utilize the Product Lifecycle Management system. After years of development, our company has formed a number of core technology advantages such as embedded software development, system software development, analog and digital communication technology applications, mechanical and electronic design, and have more than 600 intellectual property rights, including 274 effective patents, 307 software copyright as of December 31, 2018. (II)First mover advantages Goldcard follows the trend of the digital transformation of public utilities, continues to develop cutting-edge innovative technologies based on the application of Internet of Things, and adheres to the product development strategy of innovation-led development which lays the foundation for the company's leading industry position and sustainable development. The company is one of the earliest companies to deploy IoT smart gas meters and their systems. Goldcard launched the first IoT smart gas meter and IoT platform in China in 2013. In 2016, Goldcard launched the world's first remote meter reading pilot project based on NB-IoT technology in Shenzhen. While expanding the national pilot scope of NB-IoT smart gas meters, we launched the large-scale layout of NB-IoT smart gas meters with Guangzhou, Nanjing, Qingdao and Tianjin as the breakthrough points, and quickly formed industry demonstration effects to promote NB-IoT smart gas meter in various provinces and cities. (III)Overall solution advantage Goldcard provides gas enterprises with information technology and intelligent end-to-end solution from intelligent terminals to software system platforms to Internet innovation applications. The business architecture includes smart meter sensing, intelligent network transmission, intelligent data collection, intelligent gas operation, and the SaaS cloud service, realizing the end-to-end connection of devices to people, and constantly establishing and Improving the smart utility service system with comprehensive state awareness, efficient information processing, and convenient and flexible application features. The IoT system platform is a core component of the overall solution. Our company's IoT system platform was launched in 2013, and iteratively upgraded in the application. The availability, reliability, security and high concurrent data processing capabilities of the IoT system platform are continuously enhanced. In 2018, our company's IoT platform "Energy Cloud" received the Huawei's Validated certification, indicating the system performance, stability of the Energy Cloud, and especially security of the information system (which has passed the Ministry of Public Security information system security level protection III) are in line with international standards. At present, the IoT system platform has reached a million-level terminal access and maintains a rapid upward trend.