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Universal Star (Holdings) Limited designs, develops, produces, and sells sintered NdFeB magnetic materials in the People's Republic of China and rest of Asia. Its products are used in various applications, such as electronics, mechanical equipment, medical treatment, and electro-acoustic and electrical machine fields, as well as new energy vehicles, home appliances, wind turbine generators, energy-saving elevators, and industrial robots. The company was founded in 2002 and is headquartered in Ningde, the People's Republic of China.