On March 28, LUYUAN Group announced an upgrade of brand strategy, adopting the "Active Mobility Solutions for All Scenarios" as its strategic break through. This new direction targets the mid-to-high-end market and ecosystem services, marking a transition from a single-brand operation to a "Multi-brand Architecture". This initiative opens a new chapter for LUYUAN in the era of all-scenario active mobility.

LUYUAN had a breakthrough in battery digital care system, and established the industry's first 3-year lead-acid battery warranty. This innovation powered the S90 to a validated range of 121.3 km at -20°C in China's Changbai Mountains.

·Launched "All-in Liquid-Cooling" long-term strategy; formed 50+ supplier 'Wave Plan" Quality Alliance to propel durable electric two-wheelers into CNY 100 billion category. ·LUYUAN became the Official Partner of the Chinese National Table Tennis Team! ·Listed on the HKEX (Stock Code: 02451.HK). This marked a significant milestone for the brand, ushering in a new phase of rapid development.

·Held a brand upgrade conference, proposing a new strategic positioning goal-LUYUAN Liquid-cooled EVs, A 10-Year Ride. ·Completed product certifications in several Southeast Asian countries, entering markets such as Thailand, Indonesia, Malaysia, and Vietnam. LUYUAN's EVs were certified as "Global Pioneers in Liquid-cooled Motors" and "LUYUAN Liquid-cooled Electric Vehicles, with a cumulative sales of 6 million units," by the globally renowned growth consulting firm Frost & Sullivan.

·Pioneered the new category of liquid-cooled EVs, implementing a 6-year warranty on core components. Liquid-cooled motor was awarded the Science and Technology Progress Award(CNLIC) ·Completed and fully launched Guigang Smart Factory with investment of $57 million and area 42 acres. The launch is a new milestone in "233 Strategy" to lead the market with superior quality, marks a leap into a new era. Based in Guangxi, targeting South China and ASEAN, expands from point to region, radiating across southern China and Southeast Asia.

·In the face of the COVID-19 pandemic, LUYUAN not only ensured strict epidemic prevention measures and safe production within its own operations, but also proactively fulfilled its corporate social responsibility by donating medical protective supplies, daily necessities, and two-wheeled E-vehicles to affected areas. LUYUAN Group and all LUYUAN employees both demonstrated the true meaning of responsibility through concrete actions in this decisive battle. ·LUYUAN played a key role in the preparation of the "White Paper on the Safety of Lithium-ion Batteries for Electric Bicycles," which was released. ·Capitalizing on its exclusive mastery of liquid-cooling technology, LUYUAN equipped its full product range with liquid-cooled motors. This breakthrough not only drastically improved motor durability and performance but also maximized the efficacy of other core components such as the SOC and air-cooled controller. This marked LUYUAN's official entry into the new era of liquid-cooled power.

LUYUAN unveiled its vision for 2020 with the release of key trends in core technology, international colors, and smart manufacturing. This strategic move laid a robust foundation for premium growth, heralding a new era for LUYUAN's product technology, manufacturing, and design.

LUYUAN officially entered the US market.

LUYUAN established the Electric Vehicle Color Innovation Center, jointly releasing international popular colors for electric vehicles with the China Fashion Color Association.

·LUYUAN launched the Doraemon-inspired prototype. With its appealing design and high-end configuration, the e-scooter became an instant hit. ·LUYUAN Top 500 Dealers Summit was successfully convened in Hangzhou, Zhejiang. The event signd the establishment of the corporate training institution-LUYUAN University.

·LUYUAN established strategic partnerships with world-class icons: the elite football club Real Madrid, and the beloved global characters Doraemon and Hello Kitty. This inaugurated a new phase of cross-industry collaboration and marketing. The "Real Madrid Family" product series was launched in the same year. ·With the launch of "Safety Strategy", LUYUAN established "Safety as Standard" for the brand.

·Launched "Green Leadership in China" brand strategy, leveraged Brazil World Cup to kick off "Green Leadership Sports Marketing Season", invited Pelé, and unveiled the "Green Dream Initiative –LUYUAN Youth Football Philanthropy Plan & Green Leadership in World Champion Commemorative Edition", sparking widespread attention. · Mr. Ni Jie, Chairman of LUYUAN, authored two white papers Study on the Impact of E-bike Rapid Development on Traffic Safety and Report Card on China's E-bikes. He also appeared on popular TV programs to advocate for the industry and helping regulators overcome biases against EVs.

LUYUAN hosted its "Green Leadrship in China 2014" Business Partners Conference aboard the Costa Atlantica cruise ship.

LUYUAN founded Research Institute with the official approval of the Zhejiang Provincial Department of Science and Technology, earning the distinction of being the province's first 2-wheeled EV company.

·Mr. Ni Jie, Chairman of LUYUAN, was awarded the "Knight of the Era" medal in recognition of his outstanding achievements and contributions to the 2-wheeled EV industry. This honor reflects broad societal recognition for the EV industry, for LUYUAN, and for Chairman Ni Jie himself. ·LUYUAN was officially granted the production license for sightseeing vehicles, marking official endorsement for its non-two-wheel electric mobility products.

·LUYUAN's Northern Base officially commenced operations, with its first batch of qualified products rolling off the production line. This milestone symbolized the completion of LUYUAN's layout and coordinated advancement in both the north and south of China. ·LUYUAN fully launched Green Battery Project (UGB). Functioning as a comprehensive chain operation integrating battery sales, testing, repair and maintenance, this initiative marked a significant new step for LUYUAN in the battery sales and after-sales service sector.

·LUYUAN took the lead in the industry by introducing welding robots, which ensured more stable production of frames and other metal components, significantly enhancing the stability of frame quality and the safety of the structure. ·During the 60th-anniversary celebrations of Hong Kong Wen Wei Po in 2008, LUYUAN was honored with a full-page feature, serving as public recognition of its 11 years of industry leadership and accomplishments.

LUYUAN completed EEC certification for multiple models and entered the European market.

LUYUAN pioneered the industry's first unified and systematized service system-LUYUAN 4CS Service System.

LUYUAN's exceptional 2005 sales and industry impact earned widespread societal acclaim, culminating in Chairman Ni Jie being awarded the "Outstanding Zhejiang Entrepreneur" title.

· LUYUAN factory obtained a World Manufacturer Identification (WMI) code. · LUYUAN was the first to use a new type of brushless motor - the LUYUAN Program Motor, introducing the first high-power electric vehicle. Equipped with EABS electromagnetic brake system and energy recovery technology, energy is recovered during braking.

·LUYUAN made its first appearance overseas, participating in the Cologne Exhibition in Germany. The LUYUAN factory obtained ISO environmental, quality, health system certification. ·LUYUAN introduced motorcycle-inspired design aesthetics and became the first in the industry to launch a premium model series, sparking a revolution in product styling.

LUYUAN filed its first application for a national patent. Since then, LUYUAN's patents have sprung up like bamboo shoots after rain, providing a solid technological foundation for the company's development.

The draft industry standard for dedicated electric vehicle batteries was completed in Jinhua, and this standard was officially implemented in 2001. The relevant industry standards jointly developed by LUYUAN and industry peers have had a profound impact on the sound early development of the entire electric vehicle industry.

LUYUAN received its first foreign trade order and hosted its first foreign visitor at the factory. LUYUAN hosted the national standard meeting for electric vehicle batteries and completed the initial draft of the standard in Jinhua.

·LUYUAN was honored with the title of "Zhejiang Consumers' Preferred Brand," marking its first official accolade. This recognition served as a tremendous affirmation and inspiration for all those working in this industry. ·LUYUAN hosted and participated in the drafting of the national "General Technical Specifications for Electric Bicycles" standard. This effort contributed to the release of the "General Technical Conditions for Electric Bicycles" by the State Bureau of Quality and Technical Supervision in 1999. This act provided crucial guidance for the industry's standardization and healthy development, and laied the foundation for industy's subsequent rapid growth.

·LUYUAN applied to register its trademark with the China Trademark Office. The name "绿源" (LUYUAN), meaning"Green Energy" and symbolizing a "Connection to Green," embodied the company's vision. A team and a brand began an entrepreneurial journey, successfully launching and selling the first generation of LUYUAN electric vehicles that same year. ·LUYUAN was permitted to operate its products as non-motorized vehicles after Jinhua Government issued an official "notification," The first batch of LUYUAN's 2-wheeled electric vehicles was introduced for trial sales in the city, generating significant public attention.

Mr. Ni Jie as General Manager of Jinxin Technology Venture Capital Company, established an electric vehicle project team and appointed Hu Jihong as its technical lead. Working in a modest underground laboratory of less than 15 square meters, the team spent three months completing the product's design and modification, successfully building the first electric vehicle and conducting a triumphant test ride.