Lutong Technology： The company’s products have covered the United States, Canada, Mexico, Australia, Vietnam, India, France, Italy, Britain and other countries and regions.

　　() Financial Research Center on August 8th, some investors asked (), Hello, Secretary Dong. 1. The company vigorously promotes UTV electric all-terrain vehicles. Are there sufficient orders at present? What are the advantages of the company’s products compared with similar products in the same industry? How many moats (patents) are there? 2. The company’s products are mainly exported, and the customers are relatively single. The sales volume of the largest customer accounts for a high proportion, which is highly dependent and risky. How to deal with this? 3. Does the company enjoy tax incentives and government subsidies as a specialized and innovative small and medium-sized enterprise? 4. The company’s share price has been broken for more than half a year. What positive measures has the management taken to appease investors (such as repurchasing shares, acquiring and merging high-quality upstream enterprises, and holding a seminar on investors’ stock price breaking)?

　　The company replied, Dear investors, hello. In response to your concerns, the reply is as follows: 1. The company’s UTV all-terrain vehicle products are under development and optimization, and have not been mass-produced yet. The company will actively pay attention to market opportunities according to the industry development and market demand, combined with the actual situation of the company; 2. The risk you mentioned: (1) About the region: the company mainly exports, which is determined by the market demand. The global golf courses are mainly concentrated in North America, Europe and some developed countries, and the number of domestic golf courses is small. To this end, the company continues to promote the sales of electric sightseeing bus, trucks, patrol cars and other products in China to increase the domestic market share; (2) About customers: In recent years, the company has adopted the strategy of cultivating high-quality big customers and giving priority to meeting the order demand of big customers, and its performance has been rapidly increased in the past few years. At present, the share of the company’s major customers in the US market is still low. To this end, on the one hand, the company will continue to cooperate with major customers to actively explore the American market and increase its market share; On the other hand, the company is also constantly strengthening its marketing capabilities and striving for more non-American market share. At present, the company’s products have covered the United States, Canada, Mexico, Australia, Vietnam, India, France, Italy, Britain and other countries and regions. However, the customer dependence problem you mentioned will still exist in the short term, so please pay attention to the investment risk; 3. At present, as a high-tech enterprise, the company pays enterprise income tax at a preferential tax rate of 15%; 4. The management of the company has been working hard with a highly responsible attitude towards all shareholders.Ensure the steady development of the company and return to investors. If there are relevant specific plans, the information disclosure obligations will be fulfilled in strict accordance with the regulations. Above, thank you for your attention to the company!