On 22 October 2018, China Hi-Tech Group Corporation launched the REDS brand press conference in Beijing. Beijing Hi-Tech Xin-Neng New Energy Automotive Technology Co., Ltd. (“CHTC”), a subsidiary of China Hi-Tech Group Corporation, whose business scope includes technology development and technology services in relation to the new energy automobile and its spare parts, etc. Mr. Chris Bangle is an automobile designer who is known best for his work as Chief of Design for BMW Group, where he was responsible for the BMW, MINI and Rolls-Royce motor cars. Chris Bangle Associates, S.R.L. is a corporation with its head office in Italy and with Mr. Chris Bangle as its founder and Managing Director.
Guantao acted as the PRC legal counsel to CHTC. The firm advised all PRC law issues in relation to the transaction documentation and other related matters.