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 transferred to the Hong Kong Main Board in 2011 (stock code 2488). Our company is one of the earliest high-tech enterprises in China dedicated to automobile diagnosis, inspection, maintenance, and tire equipment R&D and production. We design and develop our own software products, and have achieved high achievements in technical research in fields related to automobile inspection. We have always been committed to research in the field of automotive technology, providing customers with services such as software design, maintenance, update and after-sales support related to automobile inspection, and always adhering to the spirit of professionalism and innovation. Over the years, based on automotive diagnostic technology and brand advantages, the company has been a pioneering force in the industry. The company has always adhered to the principles of technological innovation and independent research and development, and now has a large-scale and technologically strong R&D team in the global industry. In addition to setting up an R&D center in Shenzhen, R&D teams have been established in the United States, Germany, Japan, South Korea, and Latin America. After years of accumulation, the company has hundreds of patented technologies, and has 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 automobile diagnosis business, as early as 1994, the company proposed the “automobile aftermarket” concept in China, developed product lines such as automobile diagnosis, inspection and maintenance, and lifts based on advanced automobile diagnostic and testing technology, and developed a series of specialized 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 technology accumulation, the company has developed a vehicle networking chipset with independent intellectual property rights, and has developed a series of intelligent hardware for the Internet of Vehicles to provide high-quality remote car diagnosis functions from around the world, and has become an enterprise that truly owns the core technology of the Internet of Vehicles. In the Chinese market, the company has ten branches and dozens of offices, and has developed hundreds of dealers, nearly 100 authorized training centers, and dozens of industry cooperative enterprise groups. In overseas markets, the company has four subsidiaries located in the US, Germany, Italy, and Japan, and has developed more than 100 distributors in Europe, America, Australia, and Asia. Innovation is changing. Based on the corporate culture of “innovation, quality, efficiency, professionalism and competition”, the company is making great strides along the path of high technology with a people-oriented and continuous spirit of innovation.