Zhuhai UT Information Technology Co., Ltd. (hereinafter referred to as “UT Information”), a subsidiary of the Group, was founded in 2015, it was a newly established specialized company in Zhuhai High-tech Zone to industrialize new products and technologies of Zhuhai UT Power Technology Co., Ltd. The registered capital of it was 30 million and it committed to the research and development of smart grid automation products for power systems.