About LUYUAN GP HLDG Company

Luyuan Group Holding (Cayman) Limited (the “Company”, together with its subsidiaries, the “Group”) is a leading supplier of electric two-wheelers in mainland China, dedicated to the design, development, manufacture and sale of electric two-wheelers. The “Luyuan” brand has a history of nearly 28 years and has occupied a prominent position in the fiercely competitive and concentrated electric two-wheeler market. With the marketing slogan “Luyuan Liquid-Cooled Electric Vehicle, One Vehicle Rides for Ten Years”, it shows the quality, durability and technical advantages of its liquid-cooled electric vehicles and other popular products. The Group attaches great importance to technological progress in the electric two-wheeler industry. As of December 31, 2024, the company has more than 700 patents. The Group operates three production plants in Zhejiang, Shandong and Guangxi. As of December 31, 2024, the Group's annual production capacity of electric two-wheelers exceeded 5 million units. As of the date of this annual report, construction of a new production plant in Chongqing has begun and progressed steadily, and production capacity is expected to gradually increase to 2 million units per year by 2026. The Group has established an extensive offline sales and distribution network, achieved informatization, established online retail channels, and continuously improved product penetration and coverage. As of December 31, 2024, the Group had more than 1,400 distributors, covering 328 cities in 31 provincial administrative districts, and the total number of offline retail stores exceeded 12,800. On October 12, 2023, the Company was listed on the main board of the Hong Kong Stock Exchange Limited (“Stock Exchange”) (stock code: 2451).