Otis and YITIAN Group to Cooperate on Character Towns and Cultural Tourism Developments

Tianjin, China, July 18, 2018 —Otis Elevator (China) Co., Ltd. has reached a one-year strategic partnership agreement with YITIAN Group Co., Ltd. to provide more than 1,000 elevators and escalators to YITIAN Group for their projects in Anhui, Jiangxi and other areas in China. The agreement will bring Otis SkyRiseelevators, Gen2elevators and LINK™ escalators, to YITIAN's new townships and tourism developments.

Founded in 2003, YITIAN Group specializes in tourism and urban development businesses. As part of the agreement, Otis has previously been awarded three YITIAN Group projects: Jiangxi Shangrao YITIAN City, Lingshan Town and Huangshan Courtyard No.1. The scope covers 169 Otis Gen2elevators during the initial phases of these projects and more than 500 elevators and escalators in total, which makes up about half of the 1,000+ units deal.

"This new agreement will enable Otis to expand its cooperation with YITIAN Group in the exciting tourism real estate segment," said Luis Molina, President of Otis Elevator (China) Investment Co., Ltd. (OCL) "With our state-of-the-art elevator and escalator solutions, together with customer-focused service support, we're committed to support the growth of YITIAN Group today and in the future."

Lingshan Town

About Otis
Otis is a leading manufacturer and maintainer of people-moving products, including elevators, escalators and moving walkways. Founded 165 years ago by the inventor of the safety elevator, Otis offers products and services through its companies in approximately 200 countries and territories. Otis is a unit of United Technologies Corp., a leading provider to the aerospace and building systems industries worldwide. By combining a passion for science with precision engineering, the company is creating smart, sustainable solutions the world needs. For more information, visit www.otis.com.