Wuhan East Lake Hydrogen Energy Industry Investment Co., Ltd.

Wuhan East Lake Hydrogen Energy Industry Investment Co., Ltd. is located in Future Science and Technology City, in the hinterland of the National Innovation Demonstration Zone and the Wuhan Area of the China (Hubei) Pilot Free Trade Zone. The company was registered on July 18, 2016, with a registered capital of RMB 250 million. It mainly engages in the investment and operation of hydrogen energy R&D and application-related industries, including hydrogen production and storage, hydrogen refueling stations, and hydrogen-powered vehicles.

Its parent company is Wuhan Institute of Geological Resources and Environment Industrial Technology Co., Ltd. (abbreviated as "Wuhan Institute of Resources and Environment"). Wuhan Institute of Resources and Environment is an investment and incubation platform for the commercialization of scientific and technological achievements, jointly established by the Wuhan Municipal Government and China University of Geosciences (Wuhan). Founded in September 2013 with a registered capital of RMB 320 million, the company is located in the Overseas Talent Building, Wuhan Future Science and Technology City, and has more than 150 employees. The company mainly engages in new energy and environmental businesses such as hydrogen energy technology R&D and industrialization, incubation of scientific and technological achievements, and investment and trade in resources and environment.

Wuhan Taige Hydrogen Energy Automobile Co., Ltd. (abbreviated as "Taige Automobile") is a hydrogen energy automobile industry development platform initiated and established by China University of Geosciences, the Institute of Resources and Environment Industrial Technology, and Tongji University, among others. The company has a registered capital of RMB 200 million and is located in Wuhan East Lake High-tech Development Zone, a national innovation demonstration zone, a national demonstration base for mass entrepreneurship and innovation, and a pilot free trade zone. It mainly engages in the R&D, technical consulting, and technical services of hydrogen energy automobiles.

Shanghai Lenz New Energy Automobile Technology Co., Ltd., as a wholly-owned subsidiary of Taige Automobile, will rely on the industrialization and talent advantages of Shanghai, especially Tongji University, to build itself into the technology R&D platform of Taige Automobile. At present, the former fuel cell system integration team of Tongji University has joined Taige Shanghai Lenz as a whole. With more than ten years of industrialization experience in hydrogen energy automobile R&D, the team has strengthened the company's advantage in gathering industrialization talents.