About VESON HLDG Company

Ruixin Holdings Co., Ltd. (“Ruixin” or the “Company”, along with its subsidiaries, the “Group”) focuses on the application of lithium-ion technology and is a leading domestic lithium power solution provider for consumer electronics and smart hardware products and an integrated manufacturer of lithium-ion battery module packaging. The Group's current operations mainly consist of ODM business and battery cell business, and mainly supplies lithium batteries to well-known domestic and foreign communication product brand manufacturers. The products sold by the ODM business mainly include mobile phone batteries, tablet batteries, laptop batteries, and mobile power supplies. As the share of batteries shipped in emerging consumer electronics products is on the rise, the Group is adjusting its development strategy to respond to market changes, actively developing new power supply product markets, including wearable device batteries, vehicle batteries and other types of energy storage batteries, and striving to provide customers with more diverse professional module business. Ruixin was listed on the main board of the Hong Kong Stock Exchange Limited (“Stock Exchange”) in December 2006. With the high reliability of the self-developed and designed power management system and advanced battery module packaging technology support, the Group's lithium-ion battery products enjoy a reputation for high safety and high quality in the industry. The Group's core business is mainly to supply high-quality lithium-ion batteries for original mobile communication, mobile digital, smart electronics, and smart hardware products by entering the supply chain systems of well-known mobile communication companies and Internet technology companies at home and abroad. The high-quality customer group served by the Group has strong competitiveness and a stable share in the terminal market, laying the foundation for the Group's continuous and steady growth. The high reliability of product quality, large-scale delivery capacity and standardized and efficient operation system form the competitive advantage of the Group. The Group's main production base is located in Fuzhou, China. It has a strict quality control system and environmental management system. It uses industry-leading automation equipment and technology, and implements strict process control in the product manufacturing process to fully meet the requirements of large-scale production and ensure the excellent quality of each product. The entire production process, including selection of suppliers, procurement of raw materials, production and quality control, is strictly controlled by international advanced standards to provide customers with safe and reliable products. Through years of accumulated experience in R&D, production and management, we have established a modern manufacturing system with lean, standardized and efficient management. Through the improvement of enterprise operating efficiency and cost control capabilities, the market competitiveness of enterprises has been enhanced, and it has grown into an important domestic consumer lithium battery R&D and manufacturing base. The Group will adhere to the enterprise spirit of “efficiency, innovation, excellence and integrity”, continue to provide customers with high-quality products and services, and provide energy for the connected world of everything.