The Group is principally engaged in the design, development, manufacturing, subcontracting service and sales of semiconductor products, including light-emitting diode (“LED”) beads, and fast charging products in the People’s Republic of China (the “PRC”).

The business of the Group includes LED, GaN-based components, fast charging products and other kinds of semiconductors related products. GaN is known as one of the most important representatives of the third-generation semiconductor materials. GaN offers wide band gap, high breakdown voltage, high efficiency of power conversion, and great stability at high temperatures, as compared to the previous generation semiconductor materials.