The company's 2021 annual shareholders' meeting was successfully held.

On May 21, 2022, the 2021 annual general meeting of shareholders of Beijing Qingchang Electric Technology Co., Ltd. was held in the conference room of the company's office center located in Shangdi. This shareholders' meeting strictly adhered to the epidemic prevention and control standards of Beijing, adopting a remote online meeting model, with the company's directors, supervisors, senior executives, shareholders, and shareholder representatives participating in the meeting.

At the beginning of the meeting, Mr. Fan Jingsheng, the chairman of the board, first delivered a speech on the overall business situation in 2021 and fully affirmed the achievements the company had made in the previous year.

Chairman Fan Jingsheng said: 2021 was an extraordinary year, as the COVID-19 pandemic continued to affect all aspects of society, the international situation was severe and complex, and various industries both domestically and internationally faced varying degrees of impact, which posed significant challenges to the operations of many companies, including Qingchang Electric. However, despite the adverse market environment, Qingchang Electric still withstood the pressure and achieved a breakthrough of 500 million yuan in sales for the first time in 2021, with an annual operating income growth of 36.28%, maintaining a stable growth rate. With this momentum, Qingchang Electric will continue to focus on the segmented market of ring network cabinets in the power distribution field in 2022, and the company is confident and determined to continue breaking through and moving towards higher goals this year!

Subsequently, Ms. Zhang Huafen, the general manager, reported to the shareholders on the relevant contents of the "2021 General Manager's Work Report," "2021 Financial Settlement Report," and "2022 Financial Budget Report."

In her report, Ms. Zhang Huafen presented the development situation and important achievements of Qingchang Electric in 2021. In 2021, the company achieved a sales performance breakthrough of 500 million while going against the trend in many aspects, focusing on the core technology products of ring network cabinets, developing high-voltage environmentally friendly switchgear and new energy gas-insulated switchgear; and deepening development in the field of distribution automation, creating new standard distribution automation terminals and multifunctional operation modules with independent intellectual property rights, as well as various supporting products using power electronics technology. The company's professional technology has also become richer and more complete, fully covering mainstream specialties such as electrical technology, automation, and power electronics technology. While maintaining the qualifications of a national high-tech enterprise and a Beijing enterprise technology center, the company was approved in 2021 to become a "specialized, refined, distinctive, and innovative" enterprise. The company obtained 24 patent intellectual properties throughout the year, including 2 invention patent certificates. In the process of participating in the national key special project of "Network Collaborative Manufacturing and Intelligent Factory," the company has allowed information technology and digitization to penetrate more into enterprise management, laying a good foundation for more specialized development in the future.

Finally, Ms. Zhang Huafen stated that based on the existing technological accumulation, the company will continue to adhere to the core technology of ring network cabinets and extend its development direction into the ubiquitous power distribution field and the new energy field. On the other hand, Qingchang Electric will pay more attention to the cultivation of high-end technology talents, continuing to maintain the company's technological leadership and technological characteristics. The company is also not limited to the domestic market in terms of market expansion and is already laying the groundwork for international development.

This shareholders' meeting adopted a combination of on-site voting and online voting to review and vote on a total of 10 agenda items, including the company's "2021 Annual Board of Directors Work Report," "2021 Annual Supervisory Board Work Report," "2021 Financial Settlement Report," "2022 Financial Budget Report," and "2021 Annual Report and Summary." The attending shareholders and shareholder representatives listened carefully to the reports and proposals, expressing recognition and gratitude for the achievements made by the board of directors and the company's leadership in 2021. After a show of hands and online voting by the attending shareholders and shareholder representatives, all ten proposals were passed unanimously!

At the end of the meeting, Chairman Fan Jingsheng sincerely thanked the company's shareholders for their trust and support over the years, and promised that the company will continue to work hard and respond positively to various challenges in 2022 and beyond, promoting the company's continuous, stable, and healthy upward development. With its own strength to strive for rapid development, Qingchang Electric will continue to rely on its core strengths to establish itself in the industry and expand its business across various industries, enhancing the company's competitiveness and vitality.

Beijing Qingchang Electric Technology Co., Ltd. - Expert in Ring Network Cabinet Manufacturing