Lifan Industry (Group) Co., Ltd. (hereinafter referred to as Lifan Group) was founded in 1992, located in the beautiful mountain city of Chongqing, China. After 28 years¡¯ efforts, it has grown into a large private enterprise taking new energy industry as the strategic development direction, and it is mainly engaged in the R&D, production and sale (including export) of automobile, motorcycle and engine, integrating financial securities and real estate investment. To date, Lifan Group retains 7381 employees, more than 2994 of whom have received college or technical secondary school education. Lifan has been continuously listed in Chinas top 500 enterprises and No.1 exporter in Chongqing¡¯s automobile and motorcycle industry for years, exporting products to 117 countries and regions. Lifan has set up motorcycle factories in Vietnam, Thailand, and Turkey, and automobile factories in Russia, Azerbaijan, Myanmar, Ethiopia, Uruguay and Iraq. In 2019, Lifan Group achieved the sales income of 407.76 billion yuan, including sales of 37.2 thousand automobiles, 958,700 motorcycles, 2,005,300 engines and 363,600 general power products. By December 2019, Lifan has applied for 11,640 patents in 35 countries and regions (including China), including 10,354 granted patents; 1,566 trademarks and 113 trademark application rights in 136 countries and regions (including China).