Seeking progress while maintaining stability to promote development, working together to create a new chapter - 2016 Qingchang Electric Power Shareholders' Meeting

　　On May 20, 2017, the 2016 Annual Shareholders' Meeting of Beijing Qingchang Electric Technology Co., Ltd. successfully concluded at the company's production base in Huairou! More than 30 representatives of shareholders, investors, and law firms shared this grand event with the company's management in a setting filled with flowers and applause!

　　First, Chairman Fan Jingsheng passionately delivered the "Qingchang Electric Board of Directors 2016 Annual Work Report," comprehensively summarizing the work situation and achievements of the past year and outlining future work goals and development vision. The company's efficient management level, advanced Business Philosophy, and prospects for future development received unanimous recognition from all attendees. In the work report, Mr. Fan emphasized: "The company adapts to changes in market conditions. In a complex policy environment and a volatile market environment, the company's operations in 2016 were healthy and stable. All directors fulfilled their duties diligently and responsibly, actively and solidly carrying out various tasks according to the annual work plan, effectively safeguarding the interests of the company and its shareholders. The transition to listing has always been a core part of the company's capital strategy. Entering 2017, the company will assess the situation and actively cooperate with intermediaries to continuously improve internal governance, further promoting the company's IPO process."

　　Subsequently, the company's director and general manager Zhang Huanfen summarized the 2016 annual work using a PPT presentation, focusing on the completion of major economic indicators and the development of various work aspects. In terms of company operations, in 2016, the company made steady progress, and the self-developed and manufactured charging pile products were favored by experts and manufacturers at the 6th CIGEE China Smart Electric Exhibition due to their superior performance; in September of the same year, the company successfully completed the R&D of the environmental protection gas ring network switch cabinet, obtaining a national inspection report, achieving a technological leap in core products, and ranking among the forefront in the industry. As a professional power equipment manufacturer, Qingchang Electric faces significant development opportunities. We will strive to adapt to market demands and, with strong support from national policies, are expected to achieve both revenue and profit growth, standing firmly at the forefront of the industry. Finally, Mr. Zhang looked forward to the work in 2017, and his wonderful report won rounds of applause from everyone.

　　After the meeting, the company's general manager Zhang Huanfen led all attendees on a tour of the factory workshop. After the visit, the shareholders praised Qingchang's platform construction work and affirmed Qingchang's future development!

　　In the afternoon, all shareholders and guests collectively visited the International Conference Center by Yanqi Lake.

　　The successful convening of this shareholders' meeting marks a new step in the development of Qingchang Electric. The company's sustained and stable development is the result of the joint efforts of all employees and the unity of the majority of shareholders. In 2017, the company will optimize its industrial structure, enhance technological content, promote the IPO process, and achieve double growth in revenue and profit, in order to repay the long-term support of our shareholders! "Ten years of sword forging, only for the pure fire; one day out of the sheath, it will surely resonate with the heavens!" Thank you for your long-term attention and support!