CHANGSHA BETO NEW MATERIAL TECHNOLOGY CO., LTD.

Changsha Beto New Material Technology Co.,Ltd. (referred to as "BETO") is atechnology-based new material private company located in the Ningxiang EconomicDevelopment Zone of Changsha City, Hunan Province. Tts factory covers an area ofnearly 50,000 square meters and has more than 800 employees. The company has fiveoverseas subsidiaries in Brazil, Chile, Peru, South Africa, Italy, Spain, Russia and HongKong, China, providing products and services to more than 80 countries and regionsworldwide. The company specializes in providing cutting equipment and consumables forhard and brittle materials such as stone and reinforced concrete, and also producingdown-the-hole drilling tools for various applications such as pile foundation, water wells,and blasting holes. The company owns famous trademarks such as TOOLSTAR and WONTECH.