Ascendent Capital Partners

HollySys Automation Technologies Ltd. is a prominent automation solutions provider based in Beijing, specializing in industrial automation across various sectors, including process automation, factory automation, railway transport, and mechanical and engineering services. Established in 1993, the company has expanded its reach with over 60 offices throughout China, Southeast Asia, India, and the Middle East. HollySys offers a comprehensive range of automation systems, including proprietary distributed control systems and programmable logic controllers, along with software solutions such as real-time management systems and safety instrumentation systems. Its railway division provides advanced train control centers and automation train protection systems, enhancing safety and efficiency in rail operations. Additionally, HollySys delivers mechanical and electrical solutions through its subsidiaries in Southeast Asia. The company serves a diverse clientele, primarily within the industrial, railway, and nuclear power sectors, demonstrating a commitment to improving operational efficiency and contributing to technological advancements in automation.

NetDragon Education is an online education platform that targets students in Kindergarten to high school through websites and mobile applications. It was launched in 2014 and is based in Fuzhou.

Wumart Stores, Inc. is a leading retail operator in China, specializing in the management of superstores and mini-marts. The company operates primarily in the Beijing, Tianjin, Zhejiang, and Hebei provinces, offering a diverse range of retail formats under various brands, including Wumart Hypermarket, Wumart Everyday Shops, and Merry Mart. As of the latest data, Wumart's retail network comprises 565 stores, which include 168 superstores and 397 mini-marts. In addition to its core retail operations, Wumart is involved in the wholesale of home appliances and logistics services. The company, headquartered in Beijing, has established itself as the largest supermarket chain in the Beijing-Tianjin-Hebei area, leveraging innovative approaches in retail, internet technology, and supply chain management to enhance its business operations.