China

Ritar was established in May, ***2. Within a few years it rapidly became one of China€™s leading lead acid battery and power supply unit manufacturer in China. Currently, the Company has *9 production lines and three manufacturing facilities located in Shenzhen, Shanghai and Hengyang. The Hengyang plant also manufacturers lead plates for use in China Ritar Power€™s batteries. The Company sells its batteries to over **0 customers who are located throughout *1 countries. China Ritar has established a very competitive market position with: · High quality products that are cost competitive and environmentally friendly · A diversified product line sold under the €Ritar€ brand · A broad customer base · Advanced technologies developed from strong research and development · Increasing capacity China Ritar Power primarily targets the following four niche markets; · Uninterruptible Power Source (UPS) · Telecommunications · Renewable Energy Storage (wind and solar) · Light Electronic Vehicles: electric bike, scooter, trike and individual mobile vehicle The Company has developed proprietary formulas that enable it to manufacturer high quality batteries that rival the quality of batteries produced by international manufacturers at a competitive price. Moreover, it is one of few lead acid batteries manufacturers that produce environmentally friendly, cadmium-free lead acid batteries. In ***6, Ritar launched its nano gel battery that was developed using colloid technology for storage of renewable energy, specifically wind and solar power. The nano gel batteries are widely applied in alternative energy storage for applications such as solar street lights, traffic lights, highway SOS systems and household lighting. The batteries are priced up to one-third to one-half less then the price of the Company€™s international competitors.