Hiking Group, based on the graphite resources it has, specializes in developing the deep-processing industry of graphite. It invested to establish a wholly-owned subsidiary, Shandong Hiking Graphite Materials Technology Co., Ltd. (hereinafter referred to as "the Company"), with the registered capital of RMB 20 million. The Company has now established a R&D Center of Graphite by working with Qingdao University and respectively established a partnership with Lanzhou University and Qingdao Institute of Biomass Energy and Bioprocess Technology, Chinese Academy of Sciences (“QIBEBT, CAS”). With the combination of industry, education and technological research, the Company promotes the research and development and industrialized construction of the products such as graphite battery materials, thermal conductivity graphite film, graphene, etc., which contributes to the formation of a high-end system of graphite products with high value added and high technological content and fosters the development of industries of new energy and new materials.
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