Huawei Rail Transit Equipment (Shanghai) Co., Ltd.

Jiangxi Huawei Brake Co., Ltd. ("Huawei Brake") is currently the world's largest professional manufacturer of industrial brakes, wind-proof devices, and electro-hydraulic drive devices in terms of plant area and production scale. The company independently develops friction material technologies with superior performance. It was successfully listed on the Shenzhen Stock Exchange in 2010 (stock code: 300095), becoming the first listed company in China's industrial brake industry. Its products are widely used in ports, rail transit, wind power generation, metallurgy, mining, construction machinery, water conservancy and electric power engineering, ships and marine heavy industry, oil drilling, and other industries, and are exported in large quantities to over 110 ports across five continents. Huawei Rail Transit Equipment (Shanghai) Co., Ltd. (the "Company") is a wholly-owned subsidiary of Huawei Brake. The Company specializes in the research, development, production, and sales of rail transit vehicle braking systems and components, with a registered capital of 126 million yuan. The Company has a technical development team composed of former chief experts from China North Locomotive and Rolling Stock Industry (Group) Corporation, professor-level senior engineers, senior engineers, engineers, doctors, masters, and senior technicians. The brake system independently developed by the Company is applied to rail transit fields such as subways, trams, medium-low speed maglev, suspended monorail vehicles, straddle-type monorail vehicles, and multiple units.