ZHEJIANG GRECON SEMICONDUCTOR Co., Ltd. (referred to as “GRECON”) was established in May 2018. The company is located in Jiashan County, Zhejiang, known as “the first station connecting to Shanghai”, with Shanghai (80 km) to the east, Hangzhou (98 km) to the west, and Suzhou (90 km) to the north. Covering an area of 59 mu (9.72 hectares ), GRECON currently operates 4 power device packaging & testing lines with annual production capacities of nearly 700,000 automotive modules (expandable to 3 million upon full completion) and over 1 million industrial modules (similarly expandable to 3 million).