Kandi Technologies Group, Inc.

Greetings. Welcome to Candy Technologies' full year 2021 financial results call. At this time, all participants are in listen-only mode. A question-and-answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero from your telephone keypad. Please note, this conference is being recorded. I will now turn the conference over to Ki-Hwa Liu, Investor Relations Manager. Ki-Hwa, you may now begin.

Thank you. Good day, ladies and gentlemen. Thank you for standing by, and welcome to Candidate Technology's full year 2021 and new content call. All participants are in listening and remote. Later, we will conduct a question and answer session, and the instructions will follow at that time. As a reminder, we are recording today. If you have objections, you may disconnect at this time. Hello, everyone. Thank you all for joining us today to discuss financial results for the full year of 2021. Earlier today, we issued press release covering the results. You can find the press release on the company's website, as well as some of the mutual services. On the call with me today are Mr. Hu Xiaoming, Chief Executive Officer, and Mr. Alan Lin, Chief Financial Officer. Mr. Ku will deliver a prepared remarks in Chinese, which I will then translate. After that, we will have a Q&A session. Before we continue, please note that today's discussion will contain forward-looking statements made under the safe harbor provisions of the U.S. Private Securities Litigation Reference of 1995. Forward-looking statements involve inherent risks and identities As such, the company's actual results may be materially different from the expectations set today. Further information regarding these and other risks and uncertainties is included in the company's public filing with SEC. The company does not assume any authorization to update any forward-looking statements, except as required under Office for Law. Please note that unless Otherwise, all favors mentioned during the conference call are in your service. With that, let me now turn the call over to our CEO and chairman, Hu Xiaoming, for having me today.

Hello, thank you, Ke Wang. Hello, everyone. Welcome to today's conference. I am very happy to share and report on the performance of Condi Group in 2021. We will definitely be able to return to a meaningful sales growth in 2021. Such a change is the strategic behavior result that we took in response to the changes in the market pattern after the outbreak of the epidemic in 2020. In 2021, it is most worth mentioning that the electric bulldozer, electric balance car, bulldozer equipment related parts are gone. In recent years, our business mainly focuses on the development, manufacturing, and sales of electric vehicles and electric vehicles. Due to the fact that some domestic companies We must make strategic adjustments. For this, the company believes that At this stage, we cannot participate in competition in the form of a huge loss. We decided to take the initiative and move forward along the supply chain, using our special field of tool technology and operating advantages to catch up with more feasible business opportunities. We always believe that only with the maturity of the electronic mode, pure electric vehicles can be truly popularized. Because we have advanced pure electric car smart charging equipment, pure electric car production capability and a number of charging technology, so we will continue to improve and improve in the charging mode network technology field. When the pure electric car market enters a healthy and interesting stage, we will make full use of it. Currently, as the global all-terrain, all-terrain vehicles are becoming more and more energy-saving, the market demand is very high. In 2022, we will apply the pure electric vehicle technology to all-terrain vehicle products, and will launch multiple pure electric UTV low-speed vehicles, golf ball cars, and all-terrain wide-angle vehicles. We will make full use of the high-end technology that Kangdi has accumulated in the field of electric vehicles for many years to enter the non-roadway car market and strive to become the leader in the field in China in three years. In general, looking back at 2021, we have achieved initial success in business transformation and Due to the support of the relevant government of our factory class, the cost has been replenished, and due to the retirement of the previous joint venture, we have more business flexibility. In the future, we will do our best to develop and integrate our electric vehicle technology into the electric vehicle product, and enter the market with full horsepower. In addition, we are also looking forward to a new opportunity for China's pure electric vehicle market to enter a better and healthier stage of development. We believe that there will be many opportunities in the future for the development of electric vehicles and the industry of electric vehicles.