WUHAN LIXING (TORCH) POWER SOURCES CO., LTD.

Wuhan Lixing (Torch) Power Sources Co., Ltd., located in the East Lake Development Zone (China Optics Valley) in Wuhan, China, is a high-tech enterprise specializing in lithium battery products. Its registered trademarks are “LIXING” and “LISUN.” The company has an R&D team and management team with more than 20 years of experience in lithium battery research. Through independent development and technological innovation, the company currently holds multiple national patents. The company has established a comprehensive quality management system and has obtained ISO9000 quality management system certification, ISO14000 environmental management system certification, ISO18001 and other series certifications from BSI in the United Kingdom. The company’s main products include lithium manganese button batteries, cylindrical batteries, lithium thionyl chloride cylindrical batteries, prismatic lithium-ion batteries, pouch cells, lithium-ion power batteries, military communication power supplies, as well as programmable battery testing equipment and chargers. It is one of the leading enterprises in China with a complete range of lithium battery product design and manufacturing capabilities. The company’s main products, including lithium manganese batteries, lithium thionyl chloride batteries, and lithium-ion power batteries, are at a leading level in terms of technology, quality, and domestic market share, and the company has become one of the suppliers with international-level technology. Lixing is committed to becoming an outstanding lithium battery manufacturer with leading technology, superior performance, safety and reliability, and a complete product range. The company is located in the Great Wall Innovation Science and Technology Park in Wuhan East Lake High-Tech Development Zone, China’s knowledge-intensive “Optics Valley.” Its registered capital is RMB 36.78675 million. The company currently has 30,000 square meters of factory buildings and 24 domestically advanced primary lithium battery production lines designed and manufactured in-house. Its annual production capacity is 200 million lithium manganese primary batteries, among which its output of lithium manganese button batteries ranks third in the world; 18 million lithium-ion batteries; and 80,000 programmable testers. It is a professional lithium battery base engaged in the research, production, and trade of lithium manganese batteries, lithium thionyl chloride batteries, lithium-ion batteries, and programmable battery testers. At the end of 2005, the company’s new plant located in the Great Wall Innovation Science and Technology Park in the East Lake Development Zone was completed. The plant covers an area of 93 mu and is used for the production of secondary rechargeable lithium batteries. In February 2006, all personnel and equipment were in place and normal production began. The completion and commissioning of the new plant not only expanded production capacity and met growing market demand, but also laid a solid foundation for the company’s future large-scale industrialization of lithium batteries. The company’s products have successively been listed as projects under the Torch Program of the State Science and Technology Commission, the Industrial Experimental Program of the State Economic and Trade Commission, the Major New Product Special Program of Hubei Province, and the Major New Product Development Program of Wuhan Municipality. To date, the company has obtained more than 20 national utility model patents related to lithium battery series. In recent years, the company has consistently been listed as a key electromechanical product export enterprise in Hubei Province. Its products are exported to Europe, North America, Southeast Asia, Taiwan, Hong Kong, and other regions. Company mission: The company upholds the philosophy of “green power sources for the benefit of mankind,” aims to become a “professional lithium battery enterprise,” and takes “revitalizing national industry” as its mission. With the corporate spirit of “being pragmatic, innovative, fast, and refined,” the company always targets the world’s most advanced level of development and production technology and is committed to the localization of lithium battery cell development and production and the internationalization of the market.