Clarification Letter of Far East Cable

Recently, articles such as The First Tiger of SGCC Yu Zhigang will Be Judged This Year appears again by media, for the related information mentioned in it that “from 2011 to 2014, by collusion, Yu Zhigang, a Mr. Yu and a Mr. Zhang used the job convenience of a Mr. Zhang, to help Far East Cable Co., Ltd. and Wolong Electric Yantai Dongyuan Transformer Co. Ltd. increase their winning rates of the bid and winning amount of the bid in the centralized bidding invitation purchase of SGCC, and accepted more than RMB 2 million yuan in total given by the above-mentioned companies for many times”, our company hereby clarifies as below:

As mentioned in this article, the Mr. Yu was the Vice-General Manager of Beijing Kebei Zhuoshi Electrical Equipment Co. Ltd., once worked for the short-term consultation service of our company, but our company didn’t carry out bribery in any form to seek illegal profit. Far East Cable was the only enterprise to win National Quality Award in our industry, and also won CCTV Chinese Annual Brand, Class AAA Enterprise with Chinese Quality Service Credit, Chinese Best Employer and so on, always won market, client, honor and achievement of industrial leading enterprise with quality, brand, service and credit, and spared no effort to devote itself to construction of the legal system of industrial self-regulation, making country powerful by quality, making country prosperous by brand, and social credibility at the same time.

Hereby clarify.