About VESON HLDG Company

Ruixin Holdings Co., Ltd. (“Ruixin” or the “Company”, along with its subsidiaries, the “Group”) focuses on lithium-ion technology applications and is a leading lithium battery solution provider and module packaging integration manufacturer for consumer electronics and smart hardware products in China. The Group's business is mainly divided into ODM (original design and manufacturing) business and battery cell business, supplying products such as mobile phone batteries, tablet batteries, laptop batteries and mobile power supplies to well-known domestic and foreign communication product brand manufacturers. In response to the growing demand for batteries for emerging consumer electronics products, the Group is adjusting its development strategy to respond to market changes, actively expanding new markets including wearable device batteries, vehicle batteries and energy storage batteries, and is committed to providing diversified and specialized module solutions. 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 power management system and advanced battery module packaging technology support, the Group's lithium-ion battery products are famous for their high safety and high quality. The Group's core business is mainly to provide high-quality battery solutions for mobile communications, digital products and smart hardware through entering the supply chain systems of well-known mobile communication companies and Internet technology companies at home and abroad. The high-quality customer groups served by the Group have strong competitiveness and a stable share in the terminal market, laying the foundation for the Group's continuous and steady growth. High reliability of product quality, large-scale delivery capability and standardized and efficient operating system form the competitive advantage of the Group. The Group's main production base is located in Fuzhou, China, and strictly complies with international standards, and adopts the most advanced management measures throughout the entire process from supplier selection to quality control. The application of automation equipment and the implementation of precision processes ensure the consistent quality of large-scale production requirements and products. With years of R&D and production experience, the Group has established a lean and efficient modern manufacturing system to further enhance market competitiveness and become one of the major consumer lithium battery R&D and manufacturing bases in China. The Group will adhere to the enterprise spirit of “efficiency, innovation, excellence and integrity”, continue to provide customers with excellent products and services, and promote the smart energy world where everything is connected.