Nature of Business

BUSINESS OVERVIEW OF THE COMPANY AND ITS SUBSIDIARIES

The Company is the manufacturer and seller of reciprocating compressors for refrigeration and air conditioning products and the subsidiaries are the manufacturers and seller of related materials and parts for reciprocating compressors, details are as follows:

Kulthorn Kirby Public Company Limited is the manufacturer and seller of motor compressor, reciprocating type for refrigeration products i.e. refrigerators, freezers, water coolers, commercial refrigerators, and air conditioners. The reciprocating compressor can be used with many types of refrigerant including Ozone Friendly Substance such as R22, R290, R134a, R404A, R407C, R410A, R507, R600a and R744(CO2) with the sizes from 1/20 horsepower to 10 horsepower. The Company also produces Condensing Unit which is the component of refrigeration products, electrical motor parts, and other motor compressor parts.

Subsidiary companies are

Kulthorn Premier Company Limited

is the manufacturer of the motor compressor and quality iron casting for motor compressor and automotive parts.

Kulthorn Kirby Foundry Company Limited

is the manufacturer of the quality iron casting for motor compressor and automotive parts.

Kulthorn Steel Company Limited

Kulthorn Steel Company Limited is the Steel Coil Center for the manufacturer of motor compressor, electrical motor, and other parts.

Kulthorn Materials and Controls Company Limited

is the manufacturer of the enameled copper wire and thermostat used in refrigerators.

Suzhou Kulthorn Magnet Wire Company Limited

is the manufacturer of the enameled copper wire.

Kulthorn Research and Development Company Limited

is the research and development provider for motor compressor and related parts.