Jifeng Grammer Group's business development in Shanghai

Jifeng Grammer Group has established a passenger car seat business in Maqiao Town, Shanghai, which is the strategic pillar of the group's development in the next 20 years. Shanghai Jifeng Seat Co., Ltd., as the main body of this business, has successfully broken the monopoly of foreign-funded enterprises in mid-to-high-end customers and products since its establishment in 2022, and has successively obtained orders from customers including Weilai, Ideal, Audi, BMW, etc. It is expected that by 2027, the company's annual sales will reach 14 billion yuan.