Scope of business of Guangdong Jingyi Metal Co., Ltd.

Guangdong Jingyi Metal Co., Ltd. currently has six subsidiaries, among which Foshan Shunde Guanbang Technology Co., Ltd., a wholly-owned subsidiary, is a leading domestic metal processing equipment research and development and manufacturing enterprise, mainly engaged in the research and development and sales of copper tube processing equipment and copper strip processing equipment for continuous casting and rolling; Wuhu Jingyi Metal Co., Ltd., a wholly-owned subsidiary, and Foshan Shunde Jingyi Wanxi Copper Co., Ltd., a holding subsidiary, are mainly engaged in the production and sales of high-efficiency and energy-saving precision internal threaded copper tubes, smooth tubes, straight tubes, cable tubes and capillaries. The parent company and its wholly-owned subsidiary Wuhu Jingyi Metal Co., Ltd. are mainly engaged in the production and sales of copper tube deep processing products; Foshan Shunde Jingyi Technology Power Supply Co., Ltd., a wholly-owned subsidiary, is mainly engaged in the research, development, production and sales of direct drive (DDL, DDR), special motors, motor drivers, frequency converters and motion control systems. Its products are widely used in precision machine tools, laser equipment, petroleum, household appliances, rail transit, logistics systems and other national key industries. Favor International Development Limited, a Hong Kong enterprise, is a wholly-owned subsidiary.