15 Jan 2009 Chinese Cycling Association elected Chairman Zhang Tianren as Associate Council Member

On 26 December 2008, the Chinese Cycling Association held its annual meeting at the Lakeview Hotel Hangzhou to elect the seventh management council and Mr. Zhang Tianren, Chairman of Tianneng Group, was appointed an Associate Council Member. The Company was the only battery enterprise among the 55 newly elected council members and 20 associate council members this year.

Founded in 1985, the Chinese Cycling Association is a national organization in the cycling industry in China with close to 500 group members. Its members all together account for 80% of the national output and export. A total of 100 council members attended the conference this year including Mr. Xu Xiangnan, Deputy Director of the Personnel and Educational Department of the China National Light Industry Council. The meeting received a congratulatory note from Mr. Chen Shineng, President of the China National Light Industry Council and heard the report from Mr. Wei Jianing, Deputy Director of the Marco-economic Department of the Development Research Center of the State Council on the current situations and trends of the economy.

Being a core part in electric bikes, batteries and their R&D standards and functionality are crucial to the development of the electric bike industry. In recent years, drawing from the R&D capabilities of Post-doctoral Workstation, the Company has launched a series of market-oriented "Tianneng" brand electric bike motive batteries and established long-term strategic cooperative relationship with more than 300 renowned electric bike manufacturers in the country. It has helped to boost the popularity of electric bikes in the country and is trusted and supported by different electric bike manufacturers in China. Other participating council members said with Tianneng Group] as [Associate Council Member of the Association, the industry can expect to see integration of resources quickly, which will be favorable to the rapid and healthy growth of the electric bike industry in China.



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