Securities Times News, the Ministry of Industry and Information Technology, the State Administration for Market Supervision and Administration, and the National Fire Rescue Administration have formulated the "Standard Conditions for the Electric Bicycle Industry" and the "Measures for the Management of Standard Announcements for the Electric Bicycle Industry." The "Standard Conditions for the Electric Bicycle Industry" proposes to encourage enterprises or affiliated groups to increase investment in research and development, develop lightweight, intelligent, and networked electric bicycle products in response to consumer upgrade needs, and carry out Beidou high-precision positioning promotion and application. The enterprise or affiliated group independently develops no less than 10 models each year, and the R & D investment is no less than the main business income of the previous yeargameslikecryptokitties2%. The company's main electric bicycle products have technical invention patents.

Proofread: Yang Lilin