LIONAX, the first Chinese company listed on Euronext, announces today that it has recently received a significant order of 285,000 units of Pressure-Eye Tire Pressure Monitoring System (TPMS) to be distributed in Europe, specifically addressing the European truck market, from its distributor in Europe.

There are over 12.5 million Trucks in the European countries. Road safety, especially tire safety, has always been of primary concern for truck industry. In addition to safety benefit, LIONAX TPMS products can also help truck drivers to save gasoline and reduce emission by reminding drivers to keep proper tire pressure. EU commission recently recommended making TPMS a standard application in all vehicles to enhance fuel efficiency.

James Yang CEO of LIONAX says: "LIONAX's TPMS products provide a competitive solution for truck manufacturers and owners. This recent order is a key step in LIONAX's implementation of its strategy penetrating the European truck TPMS industry".

About LIONAX

The Company, listed on Euronext, the Paris stock exchange with stock symbol "MLION", designs and develops innovative Tire Pressure Monitoring System (TPMS) 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.

Contact:

Financial Dynamics France:

Investor Relation:

Valéry Lepinette

Valery.lepinette@fd.com

Ph : 01 47 03 68 10

Presse:

Catherine Toulemonde

Catherine.toulemonde@fd.com

Ph : 01 47 03 68 55