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1. Acquired Pruned UK Ltd. and set up a joint venture with Pratt & Whitney Automotive Technology (Suzhou) Ltd. to quickly enter the automotive air suspension systems business.

2. New energy projects will be put into operation and the business of energy storage batteries and power battery structural components will be fully developed.

1. Acquired Guangzhou Xinzheng Auto Parts Co., Ltd. to fully develop the automotive seat comfort system business.

2. Invested in the construction of the second phase production base in Mexico and the production base in Hungary.

1.The company acquired 68.97% equity of Wuxi Huihong Electronics Co., Ltd. to achieve the development goal of expanding the existing product categories in the field of mobile communication and consumer electronics and expanding new customers and businesses;
2.Invest and set up "Suzhou New Kaigongmi Network Technology Co., LTD.", using the "Internet +" business model, to create an excellent supply chain digital service platform in the domestic industrial field.
3.The company implemented capital reserve to increase the share capital, and the registered capital increased to 12,000 RMB.
4.The company supplies core components for Borgwarner's "SAIC 280 Dual Clutch Transmission Project", which won the title of "World's Top 10 Transmissions".

1.Suzhou Rayma Precision Industry Co., LTD. (Stock code: 002976) was listed in Shenzhen Stock Exchange, with the registered capital increased to 10 million RMB
2.Xinkai Fastening System, a wholly-owned subsidiary, invested 260 million RMB to "construct a fastener production project for 5G communication and new energy battery packs for automobiles".After completion of the project, the annual output of fastener products will be 3 billion pieces;
3.The project "R&D and Industrialization of ultra-low Loss 5G Ceramic Media Filter" of Dr. Zifeng Liu 's team was successfully selected into the "Suzhou 2020 42nd Batch of Science and Technology Development Plan (the second batch of Suzhou Leading Talents)" and "2020 Suzhou High-tech Zone Science and Technology Innovation and Entrepreneurship Talent Plan".

1.The construction and reconstruction of "New Project of Automobile and Communication Parts" and "Technical Transformation Project of automobile and Communication Parts of 300 million Pieces" were completed and put into operation, achieving an annual output of 300 million pieces of precision metal stamping parts of various kinds of automobile and communication.
2.The construction of "New Filter Production Project" and "New 5G Ceramic Media Filter Production Project" of wholly-owned subsidiary Quanxin Communications was approved

The construction project of precision metal parts such as automobile and communication and the construction project of R&D technology Center were approved

1.The production base in Mexico was completed and mass production was formed, and Harman became the largest customer
2.Construction of "New Project of Automobile and Communication Parts" started
3.Completed share reform and officially changed its name to Suzhou Rayma Precision Industry Co., LTD., with registered capital increased to 75 million RMB
4.Completed the integration of affiliated subsidiaries Suzhou Quanxin Communication Technology Co., LTD and Suzhou Industrial Park Xinkai Precision Hardware Co., LTD

1.Set up the Mexican subsidiary Cheersson Queretaro Precision Metal Forming S. DE R.L. DE C.V. as the production base in North America
2.Formally entered into the supplier system of Hesco in the automotive field; In the field of electric power, schneider officially entered the supplier system

"New project of automobile and communication parts" was approved for construction

1.Establish an independent technology research and development team
2.In the field of communication, formally entered jeep's supplier system; In the automotive field, it has officially entered the supplier system of Minth, Continental and Amberford

1.Increased capital by 10 million RMB, implemented lean manufacturing, set up project team, and increased registered capital to 15 million RMB
2.In the field of communication, officially entered Ericsson's supplier system; In the automotive field, it has officially entered the supplier system of Harman and ZF TRW

1.Suzhou Cheersson Precision Industry Group Co., Ltd. was established with a registered capital of 5 million RMB
2.Achieved important technical breakthrough and mass production of components, structural parts and other mobile communication parts, successfully became the qualified supplier of Nokia, New America and Flextronics, and the company officially entered the communication field
3.Achieved important technical breakthroughs in body and chassis, safety and steering system, and accessory parts system and achieved mass production, successfully became the qualified supplier of Magna and Hailian International, and the company officially entered the automotive field