About Zongshen PEM Power Systems Inc.

Zongshen PEM Power Systems Inc. is engaged in the commercialization of alternative power systems with immediate focus on two and three wheel vehicles. The Company manufactures low-cost, high quality, small gas and environmentally friendly electric motorcycles, electric bicycles and other e-vehicles in China for the domestic and international market. Zongshen PEM Power System's largest shareholder is Zongshen Industrial Group, one of China's largest manufacturers and distributors of motorcycles, engines, and power equipment.

Zongshen Industrial Group

The Zongshen brand name is already synonymous with high quality motorcycles in China and has the potential to become the leading provider of premium electric bikes and motorcycles. Founded in 1992, the Zongshen Industrial Group now consists of 30 totally or majority owned subsidiaries including Chongqing Zongshen Power Machinery Co., which is listed on the Shenzhen Stock Exchange. The Company employs in excess of 8,000 employees with assets in excess of RMB 9.1 billion Yuan. Zongshen Industrial Group implements the development strategy of related diversification within thermodynamic machinery industry. Its engine products mainly include motorcycle engines, mini-car engines, speedboat engines, and general-purpose machinery. Its end products mainly include motorcycles, speedboats, e-bike products utilizing alternative energy, and other power equipment. Zongshen Industrial Group now has an annual production capacity of 2,000,000 units of motorcycles, 600,000 units of e-bikes, 100,000 car engines, 4,000,000 units of motorcycle engines, and 5,000,000 units of general-purpose engines. Zongshen Industrial Group has built a leading brand for motorcycles in China, and has established partnership with Piaggio and other world's top motorcycle manufacturers.