On the afternoon of September 29, 2021, KEIPER (Changshu) seating mechanisms Co., Ltd. held groundbreaking ceremony of plant expansion project. Zhou Qindi, Secretary of Changshu Municipal Party committee, Wang Jianguo, member of the Standing Committee of Changshu Municipal Party committee and Secretary of the Party Working Committee of Changshu high tech Zone, Wan Xiaojun, vice mayor of Changshu, Wang Xiaodong, deputy director of the Management Committee of Changshu high tech Zone, Gu Zhiqiang, deputy director of the Management Committee of Changshu high tech Zone, Jiang Xiangyang, deputy director of the Management Committee of Changshu high tech Zone, Wang Hong, Secretary of the Party committee of Yanfeng, and Ni Jiawen, general manager of Yanfeng international TC, Yu Zhen, vice president of Yanfeng international strategy planning and investment management, YFAI guests, KEIPER management, contractor representatives and KEIPER employee representatives attended the ceremony.

In 2017, KEIPER Changshu company carried out construction, relocation and production at the same time. It took only one year to complete the plant construction and half a year to complete the relocation. In just three years, KEIPER Changshu company has achieved sales of RMB 3.6 billion by 2020 from RMB 200 million in 2017. This time, the new area of KEIPER Changshu expansion project is about 19000 square meters. Changshu Municipal Party committee and government leaders, Yanfeng leaders and KEIPER management delivered speeches at the ceremony.

Wan Xiaojun, vice mayor of Changshu, congratulated the successful groundbreaking of the project: "The expansion project of KEIPER Changshu company will add a new impetus to the development of Changshu auto parts industry. We sincerely hope that enterprises will speed up the project construction progress, strengthen the supervision of construction quality, and the project will be completed, put into operation as soon as possible. Changshu government will continue to give support. It is believed that KEIPER will be able to accumulate and make progress in Changshu, and provide the most core and advanced products for the development of China and even the world's automobile industry.

Wang Hong, Secretary of Yanfeng Party committee, said: "Since the establishment, KEIPER Changshu company has accelerated forward, its performance has risen steadily, and has become an industry leader in the field of seating mechanisms. At the same time, it has also won many honors from customers and the government. Hope that KEIPER continue to grasp the opportunities of the market, the good development environment created by the government, gather momentum and create excellence in the future."

Mao Haifeng, CEO of KEIPER, expressed the gratitude to all sectors of society who have long cared about the development of the company and strongly supported the preparation of the expansion project: "2021 is the first year of KEIPER. In the future, with the full support of shareholders, Changshu government and leaders of high tech Zone, and the joint efforts of all KEIPER employees, KEIPER will not forget the mission, move forward bravely, continue to grow stronger and bigger, contribute to China and the world's automobile industry, and build a world-class factory with sustainable and quality operation capacity."

At the groundbreaking ceremony, representatives of all parties laid the foundation for the project together, marking KEIPER (Changshu) expansion project officially started. After the completion of the expansion project of KEIPER Changshu company, the company will have full value chain production capacity in Changshu, establish a world-class design center and core mold technology center, and build a world-class enterprise with design and operation capability. In the future, KEIPER will continue to focus on digital construction and intelligent manufacturing, pay attention to technology innovation and global business acquisition, and constantly forge ahead to build itself into a world-class supplier of automotive mechanisms!