Tianneng Power International Limited (Tianneng Power) is engaged in the production and sale of motive battery products applicable to electric vehicles and new energy storage battery products in the People鈥檚 Republic of China. Its motive battery products are sold under its own brand name TIANNENG and are used in electric bikes, electric motorcycles and electric cars sold and distributed in the People鈥檚 Republic of China. It also manufactures new energy storage battery mainly for wind and solar power generation system. As at 31 December 2010, the Company had four production bases, which are located in Changxing County in Zhejiang Province, Shuyang County in Jiangsu Province, Wuhu City and Jieshou City in Anhui Province in China respectively. During the year ended December 31, 2010, the annual production capacity for electric bike and lead-acid motive battery products was approximately 49 million units in total. In October 2010, the Company acquired Jieshou Haineng Power Supply Co., Ltd.