Shenzhen Yinghe Technology Co., Ltd.

Shenzhen Yinghe Technology Co., Ltd. is a manufacturing company listed on the ChiNext board of the Shenzhen Stock Exchange since 2015. The company specializes in providing lithium battery automation equipment and services, as well as engaging in the e-cigarette business. Yinghe's lithium battery automation equipment is utilized in key processes of lithium battery production, and the company is recognized for its continuous research and development efforts that have led to industry-leading technical performance. Yinghe's main business lines include the production of core equipment such as coating machines, roller pressing machines, and automatic assembly lines, which have achieved significant technological advancements. The company has established a strong market position through its competitive R&D capabilities and high-quality batch delivery, serving prominent clients like CATL, LG, and BYD. With four production bases located in Guangdong and Jiangxi provinces, Yinghe is well-positioned to capitalize on the growth of the lithium battery industry. The company is supported by its controlling shareholder, Shanghai Electric Group Co., Ltd., which enhances its resources and capabilities in the field of intelligent manufacturing.

(I) Advantages in technological research and development Adhering to the strategy of "innovation-driven development", Yinghe continues to invest into R&D and innovation with leading performance of its core products, which has won honorary titles such as "National High-tech Enterprise", "Famous Trademark of Guangdong Province", "Key High-tech Enterprise of National Torch Plan", and "Postdoctoral Innovation Practice Base". With years of continuous investment in R&D and innovation, the efficiency and performance of Yinhe's core equipments -- coating machine, slabbing machine, laser die-cutting machine, winding machine, laminating machine, automatic assembly line and other products have reached the leading level in lithium battery industry. On this basis, the company has successfully launched the industry's superior coating roller pressing slabbing machine, laser die cutting winding machine, laser die cutting laminating machine and other products. Yinghe has achieved technology leading edge in coating, rolling, cutting, winding, laminating, as well as assembly line. (II) Market position and brand advantage As well-known enterprise in lithium battery intelligent production equipment, Shenzhen Yinghe Technology Co.,Ltd consolidates its market-leading position and brand advantages thanks to its competitive edge in strong R&D capability as well as high quality of batch delivery. Until now, Yinghe has been recognized by CATL, LG, BYD and other first-class enterprises both domestic and overseas, as market share and brand advantages constantly improving. (Ⅲ) Talent advantage Paying more attention to building the team of senior engineers, project management, procurement management and other personnel recent years, Yinghe continuously introduces high-end talents with industrial chain background and management experiences, so the management and operation system steadily going to maturity as well as the efficiency and quality gradually improving . In addition, Yinghe has hired talents with automotive management experience, in order to deepen the reform of lean management, optimize the management process, and improve production efficiency further. (Ⅳ) Capacity reserve and scale advantage Yinghe has four production bases in Huizhou 、Shenzhen and Dongguan of Guangdong province and Yichun of Jiangxi Province. As the edge of capacity reserves and scale advantages is emerging, Yinghe is ready for the rapid growth of the lithium battery industry. (Ⅴ) Resource advantages of controlling shareholders Shanghai Electric Group Co., Ltd. became the controlling shareholder of Yinghe in January 2020, which belongs to the State-owned Assets Supervision and Administration Commission of Shanghai Municipality, symbolized a new stage of Yinghe's development. Shanghai Electric is one of the largest comprehensive equipment manufacturing groups in China, with the intelligent manufacturing industry chain of "intelligent manufacturing - software - integration - service", Shanghai Electric has the industry-leading ability to implement intelligent manufacturing system solutions in automotive, aerospace, 3C electrical, new energy and other fields. In the field of NEV (new energy vehicles), Shanghai Electric has also achieved a comprehensive layout of "new energy manufacturing equipment - cell - vehicle". As the main listed entity in the field of new energy and automation in Shanghai Electric ,which has given important support to Yinghe in terms of industry resources, brand, finance and credit.