Company Name: Wuhu Huabao Electric Vehicle Co., Ltd Established: September 2015 Registered capital: 1,000,000 Yuan Legal Representative: HAN Jianfang Ownership: HAN Jianfang, XIE Haitao Share Structure: HAN 90%, XIE 10% Fund Received: 1,909,000 Yuan (till May 20, 2016
Fund Distribution: 1. Battery-swapping model car: 3 vehicles 1,350,000 Yuan 2. Small-scale automatic battery swapping system (3) development and manufacturing cost: 200,000 Yuan 3. Equipment Purchasing: 50,000 Yuan 4. Company setup and operation: 309,000 Yuan
Sources of Funding: 1. HAN Jianfang personal share: 700,000 Yuan 2. XIE Haitao personal share: 100,000 Yuan 3. Wuhu government technology fund: 140,000 yuan 4. HAN Jianfang personal loan and interest 5. Wuxi Dream Flight Aviation Investment Co: 400,000 Yuan 6. Beijing Zhong Ji Ming Yang New Energy Company Investment: 69,000 Yuan
Total: 1,909,000 Yuan
Company Technical Team: More than 30 technical professionals in battery manufacturing, electrical, equipemnts in charge station, battery management and others, including seven Ph.D's and senior engineers, 8 technicians. A total of more than 30 national patents are granted, including seven invention patents, and more than 30 patents are in application.