Government Leaders of Jiyuan City Visit Far East

    A group led by Hou Bo, Deputy Mayor of Jiyuan City People’s Government of Henan Province, visited Far East Holding Group Co., Ltd. Jiang Xipei, founder, Chairman of the Board and Secretary of the CPC Committee of Far East Holding Group Co., Ltd., Jiang Huajun, Board Director of Far East Holding Group Co., Ltd. and Deputy Chairman and CEO of Far East Smarter Energy Co., Ltd. (Smarter Energy for short, Stock Code: 600869), Shao Liang, investor, Group Supervisor, Director of General Manager Officeof Smarter Energy, Jiang Zeyuan, investor, Deputy Supervisor of Smarter Energy, supervisor of trading center, Shi Linjun, investor,Marketing Director Assistant of Smarter Energyand Marketing Director of Far East Cable were in charge of reception.

Jiang Xipei Makes a Speech on Symposium

    Jiang Xipei introduced that Far East has lasted for 32 years since the establishment, persisting in the developing strategy of “main business and investment”. The main business refers to the listed corporation—Smarter Energy, orientating as a world leading system service provider in smart energy and smart city. Based on the cable industry leader position, Far East expands to fields of power planning and design, new energy planning and design, line fault detection, type 18650 lithium battery and new energy automobile.

In terms of investment, Far East has invested 339 enterprises until April 30 2017, among which, 91 are listed and 18 have beensubmitted toChina Securities Regulatory Commission.

Leaders Have an Informal Discussion

    Jiang Xipei introduced the target of Far East in 2020: realizing the total assets over RMB 100 billion, annual brand value over RMB 100 billion; annual revenue over RMB 135 billion, among which, Smarter Energy accounts for RMB 100 billion; annual net profit over RMB 6 billion, among which, Smarter Energy accounts for RMB 5 billion; annual market value over RMB 150 billion and annual per capital income of employees over RMB 200,000.

    In order to realize the target, Jiang Xipei said, “We expect to find the proper industries and enterprises for Far East development and take series of steps to achieve the target through domestic and international markets, product and capital management, consolidate existing industry, merger and acquisition of target companies.”

Hou Bo Makes a Speech

    Hou Bo expressed that Jiyuan City is docking with domestic top-ranking enterprises and aiming at developing coincident industries. It is expected that both sides would seekcooperation opportunities to realizemutual complementof each other’s advantages. Cheng Cheng, Chairman of JiyuanHi-techIndustrialDevelopmentZone Management Committee, mentioned that Hi-techIndustrialDevelopmentZone takes lithium battery and new energy automobile as key developing industries and is equipped with relevant industrial development supportive policies. Director Li Wenxuan of JiyuanYuchuanIndustrialCluster District introduced the advantages of this district in terms of non-ferrous metals, energy and chemical industries. Leaders of both sides carried outsufficient exchangefor the future prospect of new energy industry.

Visit the Production Plant

Jiang Huajun Introduces FarEast Honors, Enterprise Culture and Charity to Mayor Hou

Visit the Smarter EnergyScience and Technology Museum