HASCO Vision Technology (Shanghai) Co., Ltd. (Formerly Shanghai Koito Automotive Lamp Co., Ltd.) Business Report FY ended Dec. 2022

New subsidiary

-The Company announced that HASCO Vision Technology (Wuhan) Co., Ltd., its subsidiary, has officially inaugurated the opening of its R&D center in the Jiangxia Economic Development Zone of Wuhan, Hubei. The center will contribute to the intelligentization of technologies for Chinese automobiles, and will serve as a leading innovation platform in China that integrates design, R&D, testing, and production. (From a HASCO Vision official WeChat account press release dated January 13, 2023)

-The Company announced that it signed and will establish a New Energy Vehicle (NEV) parts projects in the Changshu Economic & Technological Development Zone. HASCO Vision will build a R&D and manufacturing site for automotive intelligent visual products and automotive electronics. (From multiple press releases dated February 2023)

Product development

-In 2022, the company upgraded to a new generation of DLP (Digital Light Processing) technology and developed the world's first SLIM module technology. The company is also conducting research and development in new areas of intelligent interaction such as AR-HUD, SIDP surround interactive projection technology, and CMS electronic rearview mirror. (From a press release dated January 6, 2023)

Exhibition

-The company participated in the 17^th Auto Lamp Industry Development Technology Forum and the 8^th Shanghai International Auto Lamp Exhibition (ALE). It’s technical experts introduced the development of Huayu Vision CMS electronic rearview mirror products and grille lights. At the same time, the latest generation of Zhiji L7 megapixel DLP digital projection headlights, Zeekr 001 embedded polycrystalline LED integrated through-type taillights, Audi e-tron GT V-shaped LED through-type taillights, and Volkswagen ID. 6x LED penetrating parallel streamer taillights, Cadillac LYRIQ application of Huayu Vision's world's first SLIM module technology, and other products and technologies. (From a release dated January 12, 2022)

-The Company exhibited PML (Programmable Macro Language) programmable intelligent DLP (Digital Light Processing) headlights and taillights with ISC (short-circuit current) technology at the 2021 Shanghai Motor Show. It is said that the intelligent central control system works together to realize the lighting system. (From a release dated April 20, 2021)

R&D Facility

-The Company concluded a strategic agreement with Shanghai Motor Vehicle Inspection Certification & Tech Innovation Center Co., Ltd. (From a release dated July 27, 2021)

Facility name	Year established	Overview
Shanghai Intelligent Automotive Lamps Engineering Research Center	Jun. 2018	-The center will develop new products, new technologies and new processes that are applicable to smart driving and smart lighting according to the development trend of smart automotive lighting.
HASCO Vision Technology (Shanghai) Co., Ltd. R&D Center	Oct. 2001	-The center is a specialized R&D facility for automotive lamps. -The center consists of three departments: Technology Development Department, Tooling Department, and Production Technology Department. -The company is carrying out joint development projects with a number of universities in China such as Tsinghua University, Fudan University, and University of Shanghai for Science and Technology with an aim to develop new technologies, new light sources, and new materials for headlights.

-The company signed a strategic cooperation agreement on exterior lighting with Yanfeng International Automotive Technology Co., Ltd. (Yanfeng). Both parties have agreed to expand their business, improve operational efficiency, and enhance corporate competitiveness. (From a press release dated February 16, 2023)