Brief Introduction of Shangfu Co., Ltd.

Zhuhai Shangfu Electric Technology Co., Ltd. (hereinafter referred to as Shangfu Shares) was established in 1993. It focuses on the field of automotive assisted driving safety. Its main products include millimeter-wave radar detection systems, vehicle-mounted image monitoring systems, vehicle-mounted audio and video entertainment systems, ultrasonic radar sensor systems and vehicle-mounted intelligent terminal systems. It has successfully entered the supply chains of well-known domestic and foreign auto companies such as Toyota, Geely Automobile, BYD, and Dongfang Nissan. From 2019 to 2021, Shangfu Shares achieved operating income of 295 million yuan, 341 million yuan, and 477 million yuan, respectively, and the net profit achieved in the same period was 20.41 million yuan, 44.01 million yuan, and 43.85 million yuan, respectively. The overall performance scale has grown steadily. Shangfu Shares' main business is ultrasonic radar sensor systems, vehicle-mounted image monitoring systems, vehicle-mounted intelligent terminal systems, vehicle-mounted audio and video entertainment systems, and millimeter-wave radar detection systems.