CCIG(SHANGHAI) ELECTRIC VEHICLE TECHNOLOGY CO.,LTD

CRRC (SHANGHAI) Electric VEHICLE Technology Co.,ltd.(hereinafter referred to as CRRCEV ) was established on January 7, 2019, with a registered capital of RMB 100 million. Its shareholders are Shanghai Zhongzhen Transportation Equipment Co., Ltd. (70%) and Dazhong Transportation (Group) Co., Ltd. (30%, listed on the Shanghai Main Board as 600611).China City Industrial Group Co., Ltd. (formerly known as CRRC Urban Transportation Co., Ltd., hereinafter referred to as the Group ) was established in March 2016. It is a state-owned capital holding enterprise jointly established by CRRC Group and local state-owned assets and strategic investors in the Yangtze River Delta region. The company is headquartered in Fenhu, Wujiang, Suzhou City, in the Yangtze River Delta Integration Demonstration Zone. Its total assets are nearly 50 billion yuan, with a net asset of over 28 billion yuan and nearly 10000 employees. The company has five subsidiary groups, namely Greenway Heavy Industry, Gengshang Electromechanical, Greenway Electric, CRRC MRT, and Starship Development, as well as two A-share listed companies on the main board, Thinker Agricultural Machinery and Heshun Electric.The company inherits the century old accumulation of China's rail transit equipment, adheres to the concept of industry for the country, industry for the country , and becomes a leader in new energy commercial vehicle and specialized vehicle; Intelligent lifting systems and elevators; Intelligent Electrical and Green Energy; Smart agricultural machinery and environmental equipment; Automotive components and industrial design; urban operation and planning design industry.The group has multiple listed companies and nearly a hundred subsidiaries on the domestic main board. It has important manufacturing and service bases in Jiangsu, Zhejiang, Shanghai, Guangdong, Hubei, Shandong, Jiangxi, Shanxi, Hungary, Malaysia, Singapore, and other places. It has also set up research and development institutions in Germany and Japan for mechanical and electrical products. Its subsidiaries include Thinker Agricultural Machinery, Heshun Electric, Chusheng Automobile, Seloon Elevator, and Syney Electromechanical, all of which are well-known brands in the industry.CRRCEV is a subsidiary of CRRC and China City Industrial Group Co., Ltd. It will serve as the group's centralized overseas business platform in the future, coordinating and managing the overseas business work.