LIONAX Starts to Deliver TPMS Orders for the African Market

PARIS, April 9 -- LIONAX, the first Chinese company listed on Euronext, announces today that it has recently delivered an order of SecuTire Flash, SecuTire Led, and SecuTire Digital Tire Pressure Monitoring System (TPMS) to its first African customer: Hi-Speed from Algeria. Mr. Mohamed Taoquint, CEO of Hi-Speed is extremely interested in LIONAX's "Secure Drive, Green Drive" products focus and sees big potential on the African market. He plans to distribute the full range of Lionax products in his home country and also export them to neighboring countries such as Morocco and Tunisia.

With this first step on the African market, LIONAX sees big potential due to the fact that there is a population of more than 770 million throughout 54 countries over this large continent. Tire safety and fuel economy are becoming major concerns for individuals and business alike. LIONAX is aiming to expand its global business coverage from the United States and Europe to Africa, especially targeting countries with strong growth potential in the southern part of the continent. Countries like Egypt and Nigeria are also primary targets.

David Liu CMO of LIONAX comments: "LIONAX's TPMS products provide a competitive solution for drivers all over the world. This recent delivered order is in accordance with LIONAX's implementation of its global marketing strategy that is to provide "Secure Drive, Green Drive" solution worldwide."

About LIONAX:

The Company, listed on Euronext, the Paris stock exchange with stock symbol "MLION", designs and develops innovative Tire Pressure Monitoring System (TPMS); navigation integrated product with GPS, TPMS and rear view camera; and digital pressure sensor for automotive industry. Lionax's products help its customers to enhance safety, save money and meet regulatory requirements affordably. LIONAX makes this possible through technology innovation, manufacturing excellence, research leadership and best-in-class team of scientists, engineers and management based in China and the USA.

    
    Contacts:
    Financial Dynamics France:
    Press Contact                  Investor Relations
    Elodie Marchand                Valery Lepinette
    elodie.marchand@fd.com         valery.lepinette@fd.com
    Phone : +33(0)1-47-03-68-17    Phone : +33(0)1-47-03-68-62

Contacts: Financial Dynamics France: Press Contact, Elodie Marchand, elodie.marchand@fd.com, Phone : +33(0)1-47-03-68-17; Investor Relations, Valery Lepinette, valery.lepinette@fd.com, Phone : +33(0)1-47-03-68-62