We are a leading equipment supplier in China’s active parking utilization service market in terms of number of parking hardware shipments and profitability, according to Frost & Sullivan. We started our business in 2012 and has been focused on research and development of equipment used in intelligent parking and smart travel scenarios. We provide access control system equipment, such as HD (high definition) license plate recognition system, dynamic face recognition system, smart campus management system, Internet of Things access control management system, road access control system, and other access control equipment. We also provide custom made hardware based on needs of our customers. Our products and services are sold to various types of customers including residential compound, public parking lots, commercial complexes, airports, schools, office buildings, and industrial parks. As of the date of this prospectus, we have installed our access control system equipment in parking lots in approximately 300 cities across China.