Zhejiang Fangtai Electric Appliance Co., Ltd.

Our company was founded in 2003 and specializes in the development of various high-end financial equipment internationally, with a registered capital of RMB 50 million. It is located in the Zhijiang Headquarters Enterprise Park, Xihu District, Hangzhou City, with a total planned production area of 27,000 square meters (including 16,000 square meters of Phase I already in use), and has a production capacity of 200,000 machines per year. There are currently more than 300 employees, including 52 technical personnel: 2 doctoral supervisors, 3 Ph.D.s, and 11 master's degree holders and senior engineers, including senior experts who have long worked in the image field and the principal drafter of the second national standard, etc.; 73 management personnel, including those who have served as CEO of foreign-funded enterprises for 12 years and those who have obtained the national registered quality system senior auditor qualification, among various talents.
Products have been sold to more than 50 countries and regions around the world, and the company is a partner of Deutsche Bundes Bank (Doutsche Bundes Bank) and National City Bank of the United States. Through cooperation with world-renowned banks, it has grasped the global industry's technological direction and development trends. On this basis, in cooperation with Zhejiang University, it successfully developed the world-advanced "multi-spectral image analysis technology for banknotes" and obtained 22 domestic and foreign patents. This technology has been successfully applied to the new generation of RMB banknote counting and verifying machines required by GB 16999-2010 "General Technical Conditions for RMB Authenticity Verification Instruments" (referred to as the "New National Standard"), and in 2011 * obtained the "National Industrial Product Production License" in the first batch, and is acclaimed as a domestic RMB banknote counting and verifying machine that truly has world-class level and independent intellectual property rights.
In July 2011, Governor Xia Baolong of Zhejiang Province and Deputy Secretary Li Qiang of the Provincial Party Committee inspected our company and gave important arrangements and guidance. With the support of leaders at all levels and the efforts of all employees, we have successively obtained various honors such as National High-tech Enterprise, President Unit of the Financial Equipment Industry Association, Top 100 Light Industry Enterprise, and Bank Credit 3A Enterprise. We adhere to the business philosophy of "integrity, responsibility, collaboration, and enterprising", focus on our core business, strive for excellence, and strive to build "Fangtai" into an internationally renowned brand in the financial equipment industry.