Founded in September 2015, Shanghai REFIRE Group Limited (Hereinafter referred to as "REFIRE") (Stock Code:02570.HK) is a leading hydrogen technology enterprise with market-oriented and global perspective, with products and services ranging from hydrogen production in the upstream to hydrogen end-use in the downstream. REFIRE has an international R&D team, among which those with Master's degree or above account for over 40% of the total. REFIRE has established mass production bases in Shanghai, Changshu and Jiaxing, and overseas offices in North America and Europe. Since its inception, REFIRE has built strategic partnerships with many renowned companies at home and abroad, such as Sinopec, FAW Jiefang, CHINT, DuPont, Continental AG, Schaeffler, and Toyota Motor. To date, REFIRE has attracted investments from many well-established institutions, such as Sinopec Capital, the National Manufacturing Transformation and Upgrading Fund, FAW Jiefang, Yutong, Toyota Tsusho, Sequoia Capital and Hillhouse.  REFIRE is the industry's first hydrogen technology enterprise to achieve the self-development and mass-production of Fuel Cell Systems, Stacks, MEAs, and Bipolar Plates, with world-class performance in service life, reliability, and environment adaptability.   In 2023, REFIRE ranked first in the domestic market in terms of the total power output of hydrogen fuel cell systems sold. Notably, REFIRE has ranked first successively between 2022 and 2023 in the domestic market in terms of the total power output of hydrogen fuel cell systems sold for heavy-duty trucks. In the field of hydrogen production equipment, REFIRE is moving along two technical roadmaps: PEM electrolyser and ALK electrolyser, and has unveiled its hydrogen production equipment portfolio featured by PEM pure water electrolysis hydrogen production system, MW-scale PEM pure water electrolyser, PEM hydrogen production MEA, advanced electrode for ALK electrolyser, and hydrogen production power supply, with parameters leading the industry.  REFIRE possesses the capability to develop market-oriented scenarios across the full hydrogen industry chain, and is at the forefront of hydrogen market operations in China. Its technologies and products have now been deployed in diversified end-use scenarios including road transport, rail transit, construction machinery, power generation, off-grid supercharging and green hydrogen production. As an ecosystem enabler, REFIRE has formed an "E-H2-E" business model, and contributed to a number of green hydrogen production-storage-transport-end use integration projects. In the automobile sector, as of May 31, 2024, REFIRE has deployed over 6,100 fuel cell vehicles and accumulated over 270,000,000 zero-emission kilometers, reducing curbside carbon emissions by over 150,000 tons.   REFIRE is the first Chinese enterprise to achieve overseas commercialization of hydrogen fuel cell systems, and one of the first Chinese enterprise members of Hydrogen Council. REFIRE's mass production plant has been accredited by RDW assessment, fuel cell system and core components have been certified by many international authoritative bodies, including TÜV Nord, and TÜV Rheinland. Currently, REFIRE has spanned its overseas business over  the United States, Germany, Canada, Switzerland, Japan, Italy, and many other countries.  REFIRE is the supporting organization of Fuel Cell Sub-Center, China National Power Battery Innovation Center, Chairman Unit of the Fuel Cell Branch of the China Automotive Power Battery Industry Innovation Alliance. In recent years, REFIRE has been honored with the "National Enterprise Technology Center" by the National Development and Reform Commission; the second batch of state-level Specialized and Sophisticated "Little Giant Firms" and the title of "Individual Champion Enterprise in Manufacturing Industry" by the Ministry of Industry and Information Technology; the title of "National Intellectual Property Advantage Enterprise"; Shanghai Innovative Enterprise Headquarters and many other titles. Moreover, REFIRE has garnered the First Prize of "China Automotive Industry Science and Technology Award", the First Prize of "China Machinery Industry Science and Technology Award", the First Prize of "2022 Shanghai Industry-University-Research Cooperation Excellent Project", the First Prize of "2022 Shanghai Science and Technology Progress Award", and many others.