Morning of August 21st and August 22nd, Sullair China was in Suzhou Gas Equipment Co., Ltd. and Shenzhen Sullair AsiaIndustrial Co., Ltd. Co., Ltd. held a grand ceremony in which Sullair joined the Hitachi Group celebration ceremony andwarmly celebrated that Sullair became a new member of the Hitachi Group. High-level representatives of Hitachi Group,the main leaders of the Administrative Committee of Suzhou Industrial Park, senior executives of Sullair, representatives of strategic cooperation dealers and suppliers of Sullair Asia, and all employees of Sullair China attended the celebrations inboth places.

Before the celebration ceremony in Suzhou, Deputy Director Sun Yanyan of the Suzhou Industrial ParkManagement Committee met with Mr. Arai, President of Hitachi Production Systems Systems, and otherhigh-level representatives of Hitachi Group to discuss the future development and investment planningof Hitachi Group in Suzhou Industrial Park. Communicate and exchange opinions.

On August 21st, the celebration ceremony in Suzhou was officially started in a dragon drum performance
with Chinese characteristics. Mr. Xie Weidong, president of Sullair Asia, addressed the openingwelcoming remarks and introduced the high-level representatives of Hitachi Group, the seniorrepresentatives of Sullair Global, and representatives of strategic cooperation partners and suppliers ofSullair Asia who were invited to attend the ceremony. Mr. Arai, President of Hitachi

Production Systems, spoke on behalf of the Hitachi Group and expressed his sincere and warm welcome and thanksto the guests. Deputy Director Sun Yanyan of the Administrative Committee of Suzhou Industrial Parkspoke on behalf of the park government and expressed his confidence and expectation that Sullair willfurther develop in China after joining Hitachi Group.

After the grand ribbon-cutting ceremony between the two places, representatives from the Hitachi Groupand other senior staff moved to the site of the staff conference. After the exciting Dragon Drum OpeningShow, Hitachi Group's core value promo of "I am Hitachi" made all employees further aware of theprofound development history, corporate culture and values of Hitachi Group, which ranks as the 71stlargest Fortune 500 company in the world. Subsequently, Mr. Ariya, President of Hitachi ProductionSystems Co., Ltd. introduced the Hitachi Group and Hitachi Production System further, and furtherdefined the positioning of Sullair's Hitachi Production System and its future development strategy.