Gotion High –Tech Goes Public on Swiss Stock Exchange

Gotion High -Tech Co., Ltd. officially listed on the Swiss Stock Exchange by issued global depositary receipts (GDR), becoming the first group of Chinese companies that came to Swiss Stock Exchange.

The Swiss Stock Exchange and the Shenzhen Stock Exchange and Shanghai Stock Exchange held a simultaneous ceremony of China-Swiss Stock Connect Celebration and GDRs Listing Event in the 3 city.

Mr. Fang Xinghai, Vice Chairman of CSRC, and Mr. Stoffel, State Secretary of the Swiss Ministry of Finance, announced the official opening of the GDR business for the connection of the Swiss and Chinese securities markets.

Gotion particularly to grow overseas production capacity of battery products and raw materials through investment in fixed assets, acquisition of equity interests or other means, to increase the Company's international footprint, to increase working capital and to match other general corporate uses, and to help the Company Contribute to the common goal of the world about carbon peaking eventually.

Mr. LI Zhen, Chairman of the Board and General Manager of Gotion, says: "We are delighted with the successful pricing of our offering of GDRs and the interest from domestic and international investors in our company. This is a major milestone in the history of Gotion. Our principal shareholders and I remain fully committed in the long-term to further driving Gotion's growth story."