On 18 November 2020, Kangping Technology (Suzhou) Co., Ltd. (“Kangping Technology”) successfully listed on Shenzhen Stock Exchange with the issue price at RMB 14.3/share. The company has raised RMB 343,200,000 for particular manufacturing projects and supplementing working capital. Kangping Technology is a high-tech enterprise specializing in the production, R&D and sales of electric motors and electric tools. With strong design and R&D capability, 140 patents (including foreign patents) and 4 software copyrights, the company has become a long-term partner of many famous electric tool brands.

Grandall Beijing has been retained as the issuer's legal counsel with Mr. CHENG Xianquan, and Mr. HUANG Fei as key lawyers servicing the case.