Bear Electric Appliance Co., Ltd.

Xiaoxiong Electric Co., Ltd. was established in 2006 with a registered capital of 120 million yuan. It pioneered the effective integration of industrial innovation and Internet + in the small household appliance industry. E-commerce sales accounted for 85%. It is a domestic creative small household appliance enterprise integrating R&D, production and sales. As of December 2018, Bear Electric has won nearly 150 awards and honors involving products, technology, industrial design, brand marketing and other aspects. Among them, it was successfully listed among the top 500 enterprises in Guangdong Province in 2016, won the "China Brand Award" in 2017, and won the Shunde Government Quality Award in 2018. Currently, it has more than 30 innovative categories and more than 300 SKUs. All products are independently developed and have intellectual property rights. Among them, more than 10 categories including health pots, electric stew pots, humidifiers, and yogurt machines have always occupied an important position in the market and continue to lead the development of the industry. In 2017, the "Little Bear" trademark was recognized as a well-known trademark in China. Xiaoxiong Electric has always adhered to comprehensive innovation capabilities with independent research and development as its core, and attached great importance to technological innovation and independent intellectual property rights. In recent years, the company's R&D funds have been invested at more than 3% of sales revenue. The R&D center integrates product research, planning, appearance design, structural design, functional verification and other functions. It has applied for more than 500 patents in total and established product standards for yogurt machines, egg cookers, electric stew pots and other products. Last year, we invested in the PDL R&D platform and cooperated with the original ERP to provide a strong guarantee for product R&D. In recent years, Bear Electric's manufacturing capabilities have continued to improve. It currently has four major production bases, namely