About LAUNCH TECH Company

Shenzhen Yuanzheng Technology Co., Ltd. (the “Company”) was founded in 1992, listed on the Hong Kong GEM in 2002 (stock code 8196), and was listed on the Hong Kong Mainboard in 2011 (stock code 2488). Our company is one of the earliest high-tech enterprises dedicated to the development and production of automobile diagnosis, inspection, maintenance, and tire equipment in China. Over the years, based on automotive diagnostic technology and brand advantages, the company has maintained a leading position in the automotive diagnostic equipment industry. In 2013, the company adjusted its development strategy and determined to transform into a global Internet of Vehicles core enterprise. Currently, it has become a leading enterprise in the Internet of Vehicles industry. The company has always adhered to the principles of technological innovation and independent research and development, and now has the largest and most technologically advanced R&D team in the global industry. In addition to setting up R&D centers in Shenzhen and Shanghai, R&D teams have been established in the US, Germany, Japan, South Korea, and Latin America. After years of accumulation, the company has hundreds of patented technologies and received more than 100 honors from government agencies and authoritative industry magazines in China, the United States, Germany, Australia and other countries. In terms of traditional business, as early as 1994, the company proposed the “automotive aftermarket” concept in China, developed product lines for automobile diagnosis, inspection and maintenance, lifts, etc. based on advanced automobile diagnostic and testing technology, and developed a series of professional equipment for the automobile maintenance industry. Among them, “electric eye” has become synonymous with automotive diagnostic computers, and “X431” represents the highest level of diagnostic technology in the industry. In terms of the Internet of Vehicles business, based on more than 20 years of technological accumulation, the company has developed an Internet of Vehicles chip set with independent intellectual property rights, launched a series of Internet of Vehicles products, provided the world's first remote vehicle diagnostic function, and became the first enterprise in the world to actually own the core technology of the Internet of Vehicles. Yuanzheng Cloud Diagnosis Ecological Chain is leading the development direction of the Internet of Vehicles industry. In the Chinese market, the company has dozens of branches and offices and has developed hundreds of dealers and authorized training centers. In overseas markets, the company has four subsidiaries located in the US, Germany and Italy, and has developed more than 200 distributors in Europe, America, Australia and Asia. Innovation is changing. Based on the corporate culture of “innovation, quality, efficiency, professionalism and competition”, putting people first, and with the spirit of continuous innovation, the company is making great strides along the path of high technology.