29th of November 2022

Press release

The 6th Bafang Electric Bicycle Drive System Technology
Exchange ConferenceContinue traditions, explore opportunities, launch into the futureSuzhou, November 2022 – On November 17, 2022, Bafang Electric's 6th Electric Bicycle Drive
System Technology Exchange Conference was held on the bank of Jinji Lake, Suzhou. The themeof this year’s event was “New Journeys, New Beginnings, We Are Sailing”, with over 400 Bafang
partners, media representatives, and testing & certification institutions in attendance. The
industry’s interest in Bafang’s future goals cannot be understated!

Photo: Bafang Electric's 6th Electric Bicycle Drive System Technology Exchange ConferenceBafang’s future blueprint is revealed

The COVID-19 pandemic has impacted the world for 3 years, shaping the lives of individuals andhaving a profound effect on industrial development. As the prevention and control of COVID
becomes the new normal, the global market has also reached a turning point. Facing the newsituation, Mr. Wang Qinghua, Chairman and General Manager of Bafang Electric, said, “Bafang
Electric has taken root in the industry for nearly 20 years, has grown and progressed with theindustry, and has established a solid cooperative relationship with partner companies. No matter
how the industry and the market change, Bafang Electric's determination to serve the industry will
not change, its original intention to specialize in electric drive systems will not change, and its
confidence in the market will not change.”

Photo: Mr. Wang Qinghua, Chairman and General Manager of Bafang Electric

Mr. Wang Qinghua thanked the industry for its trust in the company throughout its history, andintroduced Bafang's future plan to attendees, with steps including:a commitment to progressing the industry as a whole, and market expansion anddevelopment

further strengthening of cooperation with partner companies, with mutual trust and benefit



promotion of the two-wheeled multi-brand strategy (BAFANG, SUTONG, TIANDI) at all levelsof the market, and build Bafang into a consumer-recognised brand

continued increasing of R&D investment and encouragement of technological innovation as
the foundation of long-term, stable development

continued strengthening of intellectual property protection

Driving forward with innovation and momentum

At the core of the technical exchange meeting was the release of new technologies; this was ofparticular interest to many industry-leading attendees. Representatives from Bafang’s various
R&D departments took to the stage to share the company's latest achievements in drive systemapplication trends; new-generation mid-mounted motor technology platforms; the development of
Bafang’s IOT system and associated Bafang Go+ App; and innovative battery solutions.

Photo: The Bafang M510 mid-motor, exploded view model

Latest-generation products which highlight the perspectives of intelligence, automation,specialization, integration, and human-computer interaction were also showcased. This included
several drive systems such as M820, M510, M410, and H700; 3-speed and 5-speed automaticgear hubs; and several HMI, sensors, and smart riding apps. While maintaining the excellent
design traits of the previous generation, these products have been further optimized in terms ofspecifications, user experience, and adaptability.

Photo: The conference’s Bafang sample display area
Alongside sharing the company’s own news, Bafang aimed to improve conversation between theindustry and the organizations that regulate it, with representatives from testing and safety
organisations UL and TÜV SÜD in attendance. The institutions were invited to introduce the latest
regulations and policies in the US and EU respectively, providing valuable insight to all present.

Photo: Bafang Electric's 6th Technical Exchange Conference event site
A new perspective for emerging markets

The international market is always turbulent, with Chinese companies withstanding the pressureof both anti-dumping and trade barrier restrictions. After operating in the European and American
markets for many years, Bafang has extensive international market knowledge and expertise inworking through such challenges. Mr. Yu Zhenhua, Deputy General Manager of Bafang Electric,
put forward his own suggestions to the industry, advising a move away from short-term moneymaking goals, and encouraging instead a focus on long-term, quality development with a fully
considered, research-backed approach, and recognizing the value of a fully developed brandidentity to enhance competitive edge.

Photo: Mr. Yu Zhenhua, Deputy General Manager of Bafang Electric
Opening the doors of Bafang HQ

Following the detailed market and technology insights shared, on November 18 Bafang invited all
guests to the ‘Bafang New Energy Factory’ and Bafang HQ. Here, guests could partake in testrides, and experience the exhibition hall, production line, and laboratory at close range. It is hopedthat such insight into the company’s production and manufacturing expertise will lay solid
foundations for close industry relationships into the future.

Photo: Test riding during the Bafang HQ visit day

A fully guided tour of the facilities can be accessed online, here.
Entering new eras, situations, and challenges, Bafang Electric will uphold " Dedication toCustomers' Success, Team work, Sincerity and integrity, Open and pioneering, Benefits priority".
The company will continue to improve product quality and service, creating an open andharmonious environment.

Media contact (global):Oliver Rüsche
E-Mail: o.ruesche@bafang-e.com
Tel.: +49 (0)5257 9341 09406
Mobile: +49 (0)152-900 14054

About BAFANG: www.bafang-e.com
Bafang, one of the leading manufacturers of e-mobility components and e-drive systems, hasbeen developing components and complete systems for electric vehicles since 2003. Thecompany is listed on the Shanghai Stock Exchange (603489.SS) and focuses on all global emobility trends of the future: be it individual e-bikes, e-scooters or for public bike sharing systems.
Bafang employs over 1000 people at ten international locations worldwide. The headquarters,development and production centre are located in Suzhou, in the immediate vicinity ofShanghai/China.
Bafang has sales and service centres in the Netherlands, the USA, Germany, Denmark, France,Italy, Japan, and Taiwan/China. The newly opened plant in Poland focuses on the production of
mid-motor systems for the European markets.

Website: www.bafang-e.com
E-Mail: info@bafang-e.com

This communication has been issued by Bafang Electric (Suzhou) Co., Ltd. who is therefore
responsible for the entire content.