About PAX GLOBAL Company

Baifu Global Technology Co., Ltd. (“Baifu” or the “Group”) is a leading supplier of electronic payment point-of-sale terminals (“electronic payment terminals”) in Asia and one of the most active suppliers in the world Baifu was founded in 2000 as a subsidiary of Goyang Group (listed on the Hong Kong Stock Exchange, stock code 818), then listed on the Hong Kong Stock Exchange through a spin-off listing in December 2010 Baifu is headquartered in Hong Kong, China, its R&D and operation center is mainly located in Shenzhen, China, and its US branch is located in Jacksonville, Florida, USA Baifu is a national high-tech enterprise and recognized as a key software enterprise within the 2013-2014 national planning layout It has more than 860 employees, of which research and development engineers account for 55%, sales and marketing personnel account for 34%, and the rest are operations and management personnel Up to now, Baifu has installed more than 9 million electronic payment terminals worldwide Cooperated with nearly 90 distributors or partners around the world, sold products to more than 80 countries and regions, and completed a strong “global layout” The management team consists of experienced talents with a strong track record in the industry In the first half of 2015, 50% of revenue came from overseas markets