A patent application has been filed in CHINA.

Dilan Mirror Team

We care about the safety of our investors' investments, the stability and reputational capital of the company, therefore we are focused on the protection of intellectual property and development in the international market. The patent is the first step towards a global market presence.

You can download the document in PDF format by following the link -https://drive.google.com/drive/folders/1svwgfIoCDyPfpafa4Nc-M8E6PRnFIOfg?usp=sharing

And, of course, it is difficult to imagine an international company outside of China today.

An economic and investment overview of China, or why is doing business there a great idea?

1. GDP (fact): In 2023, China's GDP amounted to about 18 trillion US dollars, making it the second largest economy in the world, after the United States.

2. GDP growth (prospects): In recent decades, China has demonstrated steady economic growth, with an average growth rate of +6% per year. Growth is expected to remain at 5-6% in the coming years.

3. Industrialization: China is the world's leading producer and exporter of manufactured goods, accounting for more than 28% of the global manufacturing sector. For example, such famous brands as: Prada, Burberry, Gucci, Ralph Lauren, Swarovski and others produce partially or completely their products in China. Why?

Not only because of lower production costs, as is commonly believed, but also because of the high level of craftsmanship and quality of production that Chinese factories can offer. It is important to note that luxury brands strictly control the quality of their products, so you can entrust production to them.

Investment opportunities:

1. The consumer market:

The Chinese domestic market is one of the largest in the world with a population of over 1.4 billion people. In 2022, retail sales amounted to about $6.8 trillion.

2. The technology sector:

China is a leader in technology and innovation, especially in areas such as artificial intelligence, 5G and electronics. In 2022, research and development (R&D) expenditures amounted to more than 2.4% of GDP.

3. Infrastructure:

The Government is actively investing in infrastructure projects, including the development of transport networks, energy facilities and urbanization. The Belt and Road program provides for investments of more than $ 1 trillion.

Foreign Direct Investment (FDI):

1. Attracting FDI:

In 2022, China attracted about US$163 billion in foreign direct investment, making it one of the largest recipients of FDI in the world.

2. Improving the business environment: China continues to improve the business environment by reducing administrative barriers and expanding market access for foreign investors. According to the World Bank, China has risen to 31st place in the ranking of ease of doing business.

Sectors for investment:

1. E-commerce:

China is the world's largest e-commerce market, accounting for more than 40% of global sales. The turnover of the e-commerce market in 2022 amounted to about 2.5 trillion US dollars.

2. Green energy:

China is actively developing the renewable energy sector. In 2022, the country invested about $91 billion in solar and wind energy.

3. Automotive industry:

China is the world's largest car market, especially in the electric vehicle segment. Sales of electric vehicles in 2022 exceeded 3 million units.

Business development in China presents significant opportunities due to the large consumer market, rapidly developing technology and innovation sectors, and government support. The country actively attracts foreign investment and improves the business environment, which makes it an attractive place for investment and business development.

It is worth recalling that in addition to all of the above, China's population is 1.4 billion people today and this figure continues to grow rapidly (2nd place in terms of the number of people, second only to India).

Resources and links:

- World Bank: [Doing Business 2022](https://www.doingbusiness.org /)

- National Bureau of Statistics of China: [Statistics](http://www.stats.gov.cn/) - McKinsey & Company: [China's economy](https://www.mckinsey.com/china)

So, above we have given enough arguments to the fact that starting a business in China, in general, and especially related to manufacturing and innovative technologies, is a great idea.

Additional arguments are the data on the areas of interest below.

Demand for classes: fitness, dancing, shopping in China:

1.The growing fitness market:

In 2022, the fitness industry market in China was estimated at 30 billion US dollars and continues to grow by 6-8% per year. There are more than 49,000 fitness centers in major Chinese cities.

2. Increasing the number of fitness centers:

In recent years, the number of gyms has increased significantly. International brands such as Anytime Fitness and Fitness First are actively expanding their presence in China.

3. The popularity of fitness apps:

Apps like Keep and FitTime have millions of active users.

Their use has increased significantly during the pandemic.

Dancing classes:

1. Growing interest:

Dancing is becoming popular among young people. From 2020 to 2022, the number of dance studios in China increased by 20%.

2. Social media:

Social networks such as Douyin (Chinese TikTok) contribute to the popularization of

dance challenges and video tutorials.

3. Festivals and competitions:

There are many dance festivals and competitions in China that increase interest in dancing classes. (K-pop is also popular).

The market for buying and selling things in stores:

1. Retail trade:

In 2022, retail sales in China reached $6.8 trillion. E-commerce dominates, with platforms like Tmall, JD.com and Pinduoduo.

2. Luxury brands:

- China occupies 21% of the global luxury goods market. Brands are opening up

flagship stores and develop online sales.

3. Secondary market:

The popularity of second-hand shops is growing. The Xianyu (Alibaba) platform actively contributes to the development of this segment.

4. Offline retail:

- Shopping malls and shops become centers of experience by offering interactive

zones and entertainment areas.

The Chinese fitness and dance market is actively developing. Gyms, dance studios and fitness apps are becoming popular among the population. Retail is showing significant growth, especially in the luxury segment and e-commerce.

The secondary market is also on the rise, offering new opportunities for the purchase and sale of goods.

We, the Dilan Mirror company, solve the problem of customers: clothing stores, shopping malls, gyms, dance studios, and all those places where it is extremely important for people to see themselves from all sides (our mirror, thanks to a special technology already patented in several countries, allows you to see yourself as well from the back as in front).

The development of our company will help businesses increase sales and increase customer loyalty to their brands due to the unique consumer experience and practicality of this equipment.

We will set a trend, increase sales and awareness in social networks.for example, such a development in a store or gym is a ready–made information guide and a real sensation.

Native free advertising for establishments when visitors themselves take pictures for their social networks.businesses, entrepreneurs and investors who noticed the potential in us now, as previously professionals considered the potential in companies such as Google, Apple or Amazon, will receive something that impressed them (our mirror), customer traffic, a convenient and durable system, and an element of cool modern service..

In summary, we understand that China itself, and the areas in which we are effective, are actively developing there and need us. We also know, based on figures, research and experience, that our invention will make a splash. Join the project, let's achieve global success together!

During the consideration of the application, a formal and substantive examination will be conducted, during which the presence of signs of patentability of the proposed technical solution is established. Based on the results of the examination, it is predicted that a decision will be made to grant a national patent in China for the invention.