Forge ahead and pursue dreams | Warm congratulations on the successful convening of the 2020 Annual Shareholders' Meeting of Qingchang Electric Power.

On May 29, 2021, the 2020 Annual Shareholders' Meeting of Beijing Qingchang Electric Technology Co., Ltd. was successfully held in the multifunctional conference room of the company's Huairou Yanqi Lake production base! The company's chairman Fan Jingsheng, directors Zhao Wensheng, general manager Zhang Huanfen, directors Chen Zhaojiang, Song Guolin, all supervisors, 18 shareholders or shareholder representatives from across the country, and some company managers attended the meeting. The entire meeting was witnessed on-site by lawyers from Beijing Dacheng Law Firm.

The company's chairman Fan Jingsheng summarized and fully affirmed the company's operating achievements in 2020, and made a beautiful outlook on the overall business goals and development plans for 2021 and the next two to three years. 2020 was an extraordinary year. Although the sudden COVID-19 pandemic disrupted our normal production and operation activities, the pandemic could not stop our progress! In 2020, Qingchang people worked together and united in the face of the adverse environment caused by the pandemic, achieving counter-cyclical growth in both operating performance and net profit indicators; the company's successful participation in the national key R&D program 'Theoretical and Methodological Design of Collaborative Data Space for Multi-Value Chains in Manufacturing' will also serve as a strong support for the company's development. We will continue to explore our strengths and industry advantages, focusing on the niche market of ring network cabinets in the power distribution field, and promote the company's rapid development based on high-tech content and high-quality products. In the next two to three years, Qingchang Electric is confident and assured to achieve greater breakthroughs in the field of power distribution equipment manufacturing, and to return the trust and support of shareholders over the years with better performance!

The company's general manager Zhang Huanfen introduced the overall operating situation of the company in 2020, focusing on market breakthroughs and the development of new products, and made predictions on product R&D, sales performance indicators, and intelligent manufacturing for 2021. In 2020, the company continued to deepen its efforts in the field of ring network cabinets and their supporting products, actively entering the field of distribution automation with higher profits and broader markets while upgrading existing products and developing new products to meet user needs. In 2020, the company's sales work progressed steadily, with overall sales significantly increasing compared to the same period in 2019. As the sales market gradually opened up, the company relied on the efficient and intelligent management model of its smart factory, further releasing product capacity and significantly increasing output, providing effective guarantees for the timely fulfillment of sales orders.

In 2021, the company will develop and improve 24kV and 35kV gas-insulated switchgear based on the 10kV gas-insulated ring network cabinet, achieving a multi-category and diversified market model with a wide boundary centered around the core, and radiating from single power grid users to multiple industries such as railways, highways, shipping, and aerospace. This will lay a solid foundation for the sustainable development of Qingchang Electric!

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This shareholders' meeting adopted a combination of on-site voting and online voting to review and vote on a total of 9 agenda items, including the company's '2020 Annual Board of Directors Work Report', '2020 Annual Supervisory Board Work Report', '2020 Annual Financial Settlement Report', '2021 Annual Financial Budget Report', and '2020 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 2020. After a show of hands and online voting by the attending shareholders and shareholder representatives, all nine proposals of this meeting were passed unanimously!

After the meeting, chairman Fan Jingsheng led everyone to visit the company's smart manufacturing workshop. The newly launched assembly line for ring network cabinets has greatly improved the production efficiency and consistency of ring network cabinets, enhancing delivery capability; the intelligent robotic arms can replace manual operations to achieve product consistency and automation; the newly launched international new European fully imported helium mass spectrometry leak detection system can efficiently and accurately complete the sealing monitoring of closed gas boxes. Such changes have made the attending shareholders and shareholder representatives very pleased and hopeful about the rapid changes in the Qingchang workshop!

In the spacious and bright modern production workshop, shareholders felt more intuitively and personally the technology, production manufacturing level, and R&D capabilities of Qingchang Electric. For the questions raised by shareholders regarding production manufacturing, process flow, and workshop management and control, general manager Zhang Huanfen and various department managers patiently answered one by one. Shareholders expressed their confidence in the future of Qingchang Electric's commitment to leading scientific research and intelligent development! They also stated that they would continue to support Qingchang Electric in moving from one glory to another under the leadership of the board of directors!

Qingchang Electric has been deeply cultivating the niche field of ring network cabinets in the power industry for 21 years, focusing on 'professional manufacturing of ring network cabinets', and is committed to building the 'No. 1 brand in China' for ring network cabinets. With the gradual advancement of national infrastructure construction, it has ushered in a golden era of vigorous development. Under the leadership of the board of directors and with the strong support of shareholders, Qingchang people will surely unite, work diligently, and strive forward to welcome a brighter and more glorious future!

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