Ankrui, Chen Cong, Zhou Jie

The Haining Hairui Industrial Fund, initiated by Ankerui Electric Co., Ltd. in 2017 and established with 33 enterprises and individuals including Shandong Shengyang Power Supply Co., Ltd. and Changzhou Tenglong Automotive Parts Co., Ltd., invested in Shanghai Huayi Technology Group Co., Ltd., which was listed on the Shanghai Stock Exchange Science and Technology Innovation Board on July 29, 2021, becoming the third listed company invested by Hairui Fund. The issuance price was 13.73 yuan/share, with an opening price of 50 yuan and a closing price of 43 yuan, an increase of 213.18%.

Huayi Technology is a company dedicated to the development of intelligent testing technology for automotive powertrains, mainly engaged in the research and development, design, manufacturing, sales, and provision of related testing services for intelligent testing equipment for automotive powertrains. To provide data basis and intelligent analysis for quality assurance and improvement, engineering testing, and development design of automotive powertrains, and to support and promote the intelligent transformation and upgrading of the automotive powertrain industry.

Ankrui's contribution to the Hai Rui Industrial Fund accounts for 19.72%, making it the largest contributor. As of now, Hai Rui Fund has invested in and participated in 28 companies, including Haosen Co., Ltd. and Rijiu Optoelectronics, which have been successfully listed, and several companies are in the process of listing review.

Ankerui Electric Co., Ltd

July 30th, 2021