Recently, Shenzhen V&T Technologies Co.,Ltd.(referred to as V&T) through its investment and strategic partnership with Range Aviation, signed a cooperation agreement with Hainan Huaxia Investment Management Co., Ltd. (referred to as Huaxia Investment) in Haikou, Hainan. The two companies will cooperate on aircraft procurement, cultural and tourism sightseeing, sales, and operations. Huaxia Investment plans to purchase 20 eVTOL aircraft from Rangei Aviation. To date, Range Aviation has received orders for 190 aircraft from four customers.

With the recovery of the tourism industry and the rising demand for urban air mobility, Huaxia Investment's partnership with Range Aviation highlights the potential of eVTOL aircraft in the field of cultural and tourism sightseeing. Imagine future tourists enjoying panoramic views of beaches and fishing villages in beautiful Haikou scenic spots via eVTOL aircraft, significantly enhancing their travel experience.

The continuous development of urban air mobility technology means that eVTOL aircraft are not

limited to cultural and tourism sightseeing. They can also be integrated into areas such as emergency medical services and material transportation, opening up broader market prospects. This trend is attracting widespread global attention.

At the end of 2024, Range Aviation's passenger eVTOL model LE200 was fully assembled and delivered in Hefei, Anhui. At the delivery ceremony, important figures including Tang Bin, Party Secretary and Chairman of Anhui General Aviation Holding Group, Li Wei, Deputy Secretary of Baohe District Committee and District Chief, and Dang Hongtie, Founder and Chairman of Range Aviation, were present.

The eVTOL LE200 by Range Aviation is designed as a passenger-grade aircraft with a wingspan of 15 meters, body length of 10 meters, maximum take-off weight of 2600 kg, a range of 140-320 kilometers, and a top speed of 200 km/h. It can carry 2 to 5 passengers. After completing the 1:3 scale prototype development and test flights in September 2023, the full-size engineering prototype was put into trial flights. It is expected to obtain type certification by the end of 2027 and be delivered to the market in 2028. The LE200 can be widely used in urban air mobility, low-altitude logistics, medical transfers, emergency rescue, tourism sightseeing, and relay communications.

About Range Aviation

Hefei Range Aviation Technology Co., Ltd., established in May 2023, is a startup company specializing in the development of Electric Vertical Take-Off and Landing (eVTOL) aircraft. The company focuses on passenger-grade eVTOL technology research, design, manufacturing, and MRO (Maintenance, Repair, and Overhaul). With a team of top professionals in the industry, advanced product designs, efficient R&D progress, and leading commercialization efforts,Range Aviation has become a key player in this field.

The LE200 and LE100 models are their main products.Range Aviation and its affiliated companies aim to provide safe, green, and efficient new energy aircraft to the world. They work with partners to offer solutions for advanced air mobility, making air travel more convenient and affordable. These eVTOL models can also be used for medical transport and emergency rescue operations, with economical operating costs that make them accessible to a wider audience in need.

About V&T

Shenzhen V&T Technologies Co.,Ltd., established in 2006, specializes in the fields of new energy and industrial automation. The company is a "National High-Tech Enterprise" and a "Little Giant Enterprise," with full independent intellectual property rights. It focuses on the research, development, manufacturing, sales, and service of products such as inverters, servo drives, electric vehicle motor controllers, DC/DC converters, elevator drive control systems, and industrial control system solutions.

V&T successfully listed on the Growth Enterprise Market (GEM) in 2016, with the stock code: 300484. The company is customer-centric, embracing an open and practical approach, and collective efforts. It aims to create value for customers, employees, the company, and society, contributing to efficient and environmentally friendly upgrades in global industrial equipment manufacturing and the development of the new energy industry.

V&T continuously invests in R&D to maintain the advanced level of core technologies. It actively participates in competition with international mainstream brands, quickly and effectively meeting the diverse and personalized design needs of both domestic and international mid-to-high-end customers. By providing valuable services, the company builds win-win partnerships.V&T strives tirelessly to become a leading global supplier of new energy and automation products and solutions.