Sichuan Xinzhu Tonggong Vehicle Co., Ltd., a wholly-owned subsidiary of Chengdu Xinzhu Road Machinery Co., Ltd. (referred to as Xinzhu Shares) was established in 2011 on the basis of the original Sichuan Ya'an Tonggong Automobile Factory. It is located in Sichuan Ya'an Economic Development Zone with a registered capital of 50 million yuan. It is the vice president unit of bus technology and research in China, the vice president unit of Sichuan Automobile Industry Association, the vice chairman unit of Sichuan Automobile Engineering Society, the director unit of Sichuan Standardization Association, and the vice chairman unit of Chengdu New Energy Automobile Industry Promotion and Application Association. <o: P>

Xinzhu Tonggong Vehicle Co., Ltd. Is the main carrier of the new energy automobile industry of Xinzhu shares, and it is the base camp of new energy automobile industry which undertakes the design and manufacture of the new energy vehicle industry. The layout of the new energy automobile industry includes Xinzhu Tonggong Vehicle Co., Ltd., Shanghai Aowei Technology (The world's leading ultra-capacitor battery technology), the New Silk Road Company of Belarus Zhongbai Industrial Park (Overseas ultra-capacitor R&D and production base, the vehicle technology cooperation platform of the commonwealth of independent states), the European Technology Center of Dü Sseldorf, Germany (The international technical cooperation platform for new energy vehicles) and other important components. The new energy auto industry strategy of Xinzhu shares is implemented in both domestic and overseas market together. Xinzhu Tonggong Vehicle Co., Ltd. Is not only the main carrier of domestic new energy vehicles, but also the main carrier of international cooperation. <o: P>

Xinzhu Tonggong's new energy vehicle industrialization project is "Strategic emerging industrialization project" and "Science and technology support planned project" in Sichuan Province, "Post-disaster reconstruction key upgrade project" in Ya'an. The company has completed an investment of 500 million yuan in the first phase, completed the construction of new energy buses, new energy logistics vehicles and special-purpose vehicle production lines. Xinzhu Tonggong has an annual production capacity of 10, 000 vehicles of various types. <o: P>

At present, Xinzhu Tonggong has the qualifications of new energy buses, new energy logistics vehicles and traditional modified vehicles. 24 vehicle models have been approved in National Automobile announcement system. Xinzhu Tonggong has developed and produced fast-charging and slow-charging new energy vehicles, including new energy buses, new energy logistics vehicles and new energy airport special vehicles, etc. Xinzhu Tonggong has completed the performance test of new energy bus in the extreme cold areas in Urumqi, Xinjiang and plateau-climate area in Sichuan Jiuzhaigou with excellent test performance result. Xinzhu Tonggong cooperated with BKM of Belarus and completed R&D of 18-meter bus which was finished production and put into operation in Minsk. It was highly praised by the Belarusian government and became a model of cooperation between China and Belarus. <o: P>

In the future, Xinzhu Tonggong's new energy automobile industry will be developed under the guideline of" International and domestic market synchronous development". By 2020, 50% of the company sales will come from international market, and the industry scale will strive to reach 10 billion yuan, Xinzhu Tonggong will become an influential international and domestic supplier of new energy vehicle system solution. <o: P>