In the historical year when it celebrates its 40th anniversary and starts a new journey of great endeavor, Tongwei is once again included on an international prestigious list. At the Asia Brand Summit sponsored by the World Brand Lab in Shanghai on September 22, the list of Top 500 Brands in Asia in 2022 was officially announced. Tongwei ranks the 145th place on the list of Top 500 Brands in Asia at the first time it is included on the list and ranks the first place in the aquaculture and new energy sectors in the world. This is a clear testament to the company's steady development and strong brand strength.

The list of Top 500 Brands in Asia publicized by the World Brand Lab is created by assessing the Asian brands according to their basic indicators such as market share, brand loyalty and Asian leadership. This year marks the 17th time the World Brand Lab assesses the Asian brands. The list recognizes the brands from 20 countries or regions, including 214 brands from China (incl. Hong Kong, Macao and Taiwan), which account for 42.8% of the top 500 Asian brands on the list, allowing China to rank the first place in terms of the number of brands listed. 170 of these brands are from China's Mainland. Japan and South Korea rank the 2nd and 3rd places. World Brand Lab is one of the world's three prominent brand value evaluation authorities and its research results are important basis for assessing the intangible assets of the enterprises across the world. On July 26, the World Brand Lab announced the list of China's 500 Most Valuable Brands in 2022. Tongwei has been on this internationally recognized and most prestigious and credible list for 19 consecutive years. Tongwei's brand value has now reached RMB 161.058 billion, which is a new record high. Tongwei is now one of the top 50 brands on the list of China's 500 Most Valuable Brands and once again ranks the first place in the aquaculture and PV sectors in the world. After 2 months, Tongwei is included on the list of Top 500 Brands in Asia publicized by the World Brand Lab for the first time and ranks the 145th place on the list. Tongwei, Wuliangye and Changhong are the top three Sichuan brands on the list. Tongwei ranks the first place in the aquaculture and PV sectors in the world. This once again remonstrates the company's brand strength accumulated through perseverant endeavor.

List of Top 500 Brands in Asia in 2022 announced at the Asia Brand Summit

Steven Vogel, Chairman of the Academic Committee of World Brand Lab and Honorary Professor of Saïd Business School of University of Oxford, believes Tongwei is a successful case of brand diversification and brand value extension. As the unverified champion in the aquaculture and PV sectors in the world, Tongwei has set a rare example of sustainable and leap-forward strong growth of brand value in the industry. This is enough of a testament to Tongwei's brilliant brand strategy and its strategic commitment to brand management. Fast growth of the brand would have been impossible without the advanced brand culture and rational brand management. Tongwei has always persisted in comprehensive planning and management to promote, improve and protect its brand and constantly injects new vitality into sustainable brand growth. In this way, the core value of the brand has been constantly reinforced and enhanced and Tongwei has achieved unprecedented pace in brand development. Tongwei is expected to continue its streak of sustainable brand development and, in particular, contribute more to promoting low-carbon development and addressing climate change.

Tongwei included on the list of Top 500 Brands in Asia in 2022