Vacpro Vietnam Company Limited (Vietnam)

As collected, its parent company used to own a 100% related company - VACPRO ELECTRIC CO.,LTD formed in 2018 in Long Thanh, Dong Nai and closed in 2019 (i.e., this related company has the same business activity of the company). As shared, there was not a merger between it and this related company. This indicates that its investor chose another place to form its factory in 2019.According to KingClean Electric's semiannual report 2023, with the gradual advancement of the “belt and road” construction, as well as the acceleration of the construction of the China-ASEAN free trade area and the “two corridors and one circle” economic belt, the group has further expanded the group's international business and increased the group's participation in the international market. Actively responding to the national “belt and road” initiative, the group has accelerated the group's pace of going global by investing in a production base in Vietnam (the company) in 2019.KingClean Electric Co Ltd – ultimate parent company's shares are listed on the Shanghai Stock Exchange under stock code “603355” whose major shareholders were Kingclean Electric Investment Group Co., Ltd - 35.83%, Goldvac Trading Limited – 27.4%, Ni Zugen – 15.98% in Jun 2023. The group is operating in the field of environmentally clean and healthy small household appliances with high speed motors as the group's core technology.