Zhejiang Wanliyang Co.Ltd(002434) : announcement that the subsidiary is recognized as a specialized Texin small and medium-sized enterprise in Zhejiang Province in 2021

Securities code: 002434 securities abbreviation: Zhejiang Wanliyang Co.Ltd(002434) Announcement No.: 2022-001 Zhejiang Wanliyang Co.Ltd(002434)

The subsidiary was recognized as “specialized and special new” in Zhejiang Province in 2021

Announcement of small and medium-sized enterprises

The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.

1、 Basic information

According to the notice of Zhejiang Provincial Department of economy and information technology on publishing the list of “specialized, special and new” small and medium-sized enterprises in Zhejiang Province in 2021 recently issued by Zhejiang Provincial Department of economy and information technology, Zhejiang Wanliyang Co.Ltd(002434) (hereinafter referred to as “the company”) wholly-owned subsidiaries Zhejiang Zhejiang Wanliyang Co.Ltd(002434) Intelligent Manufacturing Co., Ltd. and Jinhua Zhejiang Wanliyang Co.Ltd(002434) Machinery Manufacturing Co., Ltd Zhejiang Zhejiang Wanliyang Co.Ltd(002434) new energy drive Co., Ltd., a wholly-owned subsidiary, was recognized as a “specialized and new” small and medium-sized enterprise in Zhejiang Province in 2021.

2、 Impact on the company

The “specialties and new” SMEs are those SMEs with the characteristics of “specialization, refinement, specialization and novelty”. Enterprises are in the leading level of the industry in China in terms of technology, market, quality and efficiency, and have advanced and exemplary features.

In 2020, with its excellent performance in the field of medium and light commercial vehicle transmission, the company was rated as a single champion demonstration enterprise in the manufacturing industry by the Ministry of industry and information technology and China Industrial Economic Federation. In December 2021, the company was recognized as a “national technological innovation demonstration enterprise” by the Ministry of industry and information technology.

Zhejiang Zhejiang Wanliyang Co.Ltd(002434) Intelligent Manufacturing Co., Ltd., a wholly-owned subsidiary of the company, Jinhua Zhejiang Wanliyang Co.Ltd(002434) Machinery Manufacturing Co., Ltd. and Zhejiang Zhejiang Wanliyang Co.Ltd(002434) new energy drive Co., Ltd., a wholly-owned subsidiary of the company, are mainly engaged in the R & D, production and sales of automotive transmission system, new energy automotive electric drive system and its parts, castings and other products.

This time, the three subsidiaries were successfully selected as “specialized and special new” small and medium-sized enterprises in Zhejiang Province, which is the recognition and affirmation of the company’s long-term focused development, sustainable innovation ability and market competitive advantage in the auto parts industry, helps to improve the company’s brand awareness and industry influence, and further enhance the company’s market competitiveness.

In the future development, the company will continue to increase investment in technology R & D, continuously improve the ability of technological innovation, strengthen and refine the main business of auto parts, and contribute more to the revitalization of the development of the national auto industry.

3、 Documents for future reference

Notice of Zhejiang Provincial Department of economy and information technology on publishing the list of “specialized, special and new” small and medium-sized enterprises in Zhejiang Province in 2021 issued by Zhejiang Provincial Department of economy and information technology

It is hereby announced.

Zhejiang Wanliyang Co.Ltd(002434)

Board of directors

January 6, 2022

 

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