The Group’s businesses are principally engaged in the provision of total internet-of-things (“IoT”) and industry 4.0 solutions for the comprehensive development, such as information flow, logistics flow and cash flow, of IoT. The Group believes that IoT technologies will develop around the Cloud-Pipeline-End framework, in which: a) Cloud (applications) covers, amongst other aspects, application software, big data analysis and cloud computing for the IoT industry. b) Pipeline (networks) covers industry standard and specific IoT networking technologies, such as access, switching and transmission for specific network for IoT, including protocols based on RFID and Zigbee IoT technologies. c) End (interfaces) covers all smart identification equipment that collects IoT information from end-users and end-devices.