HEBEI SKY KING BICYCLE TECHNOLOGY CO.,LID

Hebei King Bicycle Technology Co., Ltd.,which was founded in May 2014 with a registered capital of RMB 98.88 million yuan and the legal representative namedWang Qingtai. The Group company specializes in the development, production and sales of baby strollers, children'sbicycles, adult bicycles and related accessories. The Group company is located in the international high-end bicycleindustrial park of Guangzong County, Xingtai City, Hebei Province., where is a core area of the Beijing-Tianjin-Hebeicoordinated development and the Central Plains economic circle. It is equipped with advantageous geographical location,convenient transportation and beautiful environment, about half an hour away from HSR station of Xingtai city and oneand a half hours away from Shijiazhuang International Airport.Tiantian Group company always pays attention to scientific and technological innovation, develops strategiccooperation with Beijing Institute of Technology and Tianjin Bicycle Research Institute, and establishes Hebei KingBicycle Technology R&D Center in Shanghai, striving to be a well-known bicycle manufacturer at home and abroad. Thethree brands “Space Baby”, “SKYS” and “Double Wheels” have been awarded famous trademarks of Hebei Province.The products have been certicified by ISO9001 international quality system certification and national CCC certification,being sold well in more than 30 countries and regions such as Europe, America, Russia and so on.With the continuous transformation and upgrading of the bicycle manufacturing industry, the development of“lightweight” has become more and more popular among cycling enthusiasts. Magnesium alloy materials have thecharacteristics of small density, light weight, high strength, good cushioning effect, high impact load resistance,strong resistance to organic and alkali corrosion, and high recycling value. Magnesium is the lightest metal inpractical metals. Magnesium has a specific gravity of about 2/3 of aluminum and 1/4 of iron. It is mainly used inaviation, aerospace, automotive, chemical, rocket and other industrial sectors. Among them, the lightweight ofautomotive industry, demands of environmental protection, especially the development of new energy vehicles,and the continuous advancement of magnesium alloy research and development technology, will promote the wideapplication of magnesium alloys. It can improve the quality of bicycles from materials thoroughly and create a worldof “lightweight”bicycles by applying magnesium alloy materials to the development and production of bicycles.In May 2018, the group company newly established the “Magnesium Alloy Business Unit” with a totalinvestment of RMB 520 million yuan, covering an area of 266,667 square meters and a construction area of146,700 square meters. There are magnesium alloy casting workshop, stoving varnish workshop, assemblyworkshop, machine repair workshop, finished product warehouse, raw material warehouse, comprehensive officebuilding, staff dormitory and so on in Tiantian Group. It has purchased 7410 sets of equipment, includingmagnesium alloy die-casting machines, punching machines, CNC numerical control machines, infrared bakingtemperature machines, strength testing machines and so on.The Group can annually produce 3 million magnesium alloy bicycles for aerospace materials, with an annualrevenue of RMB 1.7 billion yuan. The company's self-developed frame, rim and mechanical press integratedmolding advanced technology has the characteristics of high degree of automation, high efficiency, low energyconsumption, etc. Each machine can produce more than 1000 sets of products per day, greatly reducing the laborinput and completely subverting the traditional equipment technology. Being the first in China and exclusivecompany to the north of the Yangtze River to produce bicycles by applying to magnesium alloy materials.The development of Magnesium Alloy Business Unit can not only create over 800 jobs opportunities and alsopromote the development of county economy. Furthermore, it can accelerate the development of low carbonenvironmental protection industry and related industry chains, producing favourble social and economic benefits,and facilitating to sustainable economic and social development in long-term effect