Jiangsu Kingway Rail Transportation Equipment Co., LTD (hereinafter referred as KWT), founded in April, 2010, lies in Suzhou Wuzhong Economic Development Zone, Jiangsu Province. KWT is a national high-tech enterprise and a holding subsidiary of INOVANCE(stock code:300124) who is the leading corporation in automation industry. KWT is a professional large-scale manufacturer of railway traction and control system, integrating R&D,design, assembly, sales and technical service, with independent bidding right for complete set of traction control system. It aims to provide VVVF, SIV, HV box, traction motor and TCMS for City Metros, Trams and EMU with year production capacity of 800 sets VVVF, SIV and HV box, 3200 sets medium power traction motors that can meet for 200 trains demands.

Since establishment, KWT has developed all-round cooperation with an internationally well-known railway manufacturer, Skoda Electric a.s. with over 150 years of history. After four years of joint-venture cooperation with Skoda, both parties signed Technology Transfer Agreement in early 2014, which make KWT get the ability to design traction system for EMU, metros and trams independently. On the basis of the full acceptance of the European technical platform, the transfer of core technology and the essence of Skoda's 1 century technology, KINGWAY RAIL has accelerated the work of independent R&D and passed the passengers-carried assessment hold by China Urban Rail Transit Association.

KWT is committed to create and manufacture word-leading traction and control system of rail transit industry, possessing standard traction system and PMSM direct-driven traction system technical solutions simultaneously. KWT is the only enterprise in China that has two technical solutions and plenty application achievements at the same time. With strong technology and continually improved brand reputation, KWT has won several biddings of Metro and Tram projects with fully or on-going implementation, making contributions to “Green Travel” continuously.

Skoda is a globally leading enterprise specialized in production and research development for trolleybus, tram, electric locomotive, EMU, metro

vehicles and Traction & Control system, whose headquarter is located in Czech Republic. Meanwhile, Skoda also establishes production R&D

center in many cities, including the capital city, Prague. Since establishment, SKODA has a history of over 150 years, with advanced technology

and production platform, providing rail transit products and technical service for many countries all over the world.

Shenzhen Inovance Technology Co.,Ltd., dedicated to R&D, manufacturing and sales of industrial automation control products, is positioned in serving midrange and high-end equipment manufacturers. On the basis of owning industrial automation technologies with proprietary intellectual property rights, Inovance perseveres in import substitution, industry marketing and providing total solution to customers in segment market and achieves growth of both enterprise value and customer value. The main products are medium and low voltage general frequency converter, medium and low voltage engineering frequency inverter, high voltage frequency inverter, integrated and special machine, servo system, PLC, HMI, permanent magnet synchronous motor, rail transit traction and control system, new energy motor controller, etc. In domestic brands, Inovance's share in the medium and low voltage inverter market is among the top brands, and the integration and special machine products are in the leading position.