Association of Share-issuing Enterprise of Jiangsu Province Visits Far East Holding Group Co., Ltd.

    Recently, along with his party which is composed of 30 personnel, Xu Yuzhong, President of Association of Share-issuing Enterprise of Jiangsu Province and Vice President of Jiangsu Province Enterprise Directors Association, Jiangsu Province Federation of Industrial Economics and Jiangsu Province Enterprise Confederation visited the Far East Holding Group Co., Ltd. Jiang Xipei, Founder, Board Chairman and Party Secretary of Far East Holding Group Co., Ltd., Sun Lu, an investor, Director and General Manager of Far East Trading Pay Network Co., Ltd., Chen Haiping, an investor, Senior Director of Far East Smarter Energy Co., Ltd. (hereinafter referred to as “Smarter Energy”, stock code: 600869) and General Manager Assistant of Far East Cable Co., Ltd., Li Jianmin, an investor, General Manager of Far East Cable Shuyang Co., Ltd., Sheng Jun, Market Director Assistant of Far East Materials Trading Center Co., Ltd. and Zang Zhuo, an investor and marketing manager participated in the reception.

Jiang Xipei makes a speech

    Jiang Xipei introduced the three major businesses of Far East: industry, education and charity. Among them, the business of industry sticks to the strategy of “main business + investment”, and the company is defined as “a world-leading systematic service provider of smart energy and smart city”. The company provides the clients with comprehensive solutions for energy system, so that the clients can get one stop system services of smart energy, ranging from planning & design, product manufacture, project implementation, operation & maintenance monitoring, energy efficiency management and turnkey service.

    Based on the lithium battery products, Far East moved its feet into the field of vehicle production in 2017. Along with Detroit Electric Holding Limited and Yixing Industrial Park For Environmental Protection Science & Technology, the company put a joint investment of USD 1,800 million to establish a joint venture company, so as to build an electric vehicle brand, under which the smartest and safest first-class electric vehicles with the best sense of experience will be produced.

    For the business of investment, Far East focuses on companies from the industries like smart energy, big health, big consumption, big culture, foods & drinks, advanced manufacturing industry, industrial automation, TMT and cloud computing. Up to May 31, 2017, Far East Holding invested to 339 companies in total. Among the companies, 92 companies have been listed (28 of them are New Third Board companies), and 2 companies are waiting for release. Besides, there are 13 companies are under pre-disclosure.

    For education, Jiang Xipei pointed out that Far East Group developed cooperation with 25 domestic and foreign universities including Harvard University, Duke University, Peking University, Tsinghua University, Nanjing University and Jiangnan University, and the company has been devoting to build a learning-oriented group.

    Besides, Jiang Xipei also introduced the charity of Far East Group. According to him, the company established the Far East Charity Foundation to help 85 million disabled people. The company successively built the Far East (Wu Zhong) Entrepreneurship Street for Disabled People and Tianjin Beiguo Zhichun Far East Entrepreneurship Park for Disabled People, and the company arranged 30 to 50 Far East entrepreneurship assistance sites for the disabled people in one to two cities each year. Far East is very glad to help those skilled and ambitious disabled people to start up business or get decent jobs, so that they are enabled to shift themselves from the burdens of family and society to the creators of family wealth. With their contributions to the society, they could work and live with dignity.

Xu Yuzhong makes a speech

    Xu Yuzhong gave full recognition to the development of the three industries, as well as to their contributions to the development of society. He hoped that Far East could be expanded and enhanced to be a world first class enterprise while it is setting industrial benchmark.  

    As mentioned by Xu Yuzhong, Far East University ranks top ten among thousands of corporate universities. He also pointed out that the Far East University is currently cultivating talents only for the Far East Group, and whether the university can cultivate talents for companies in the association, Jiangsu Province or even China in the future to serve the our society remains unclear. According to his suggestion, the conditions could be created by the association and Far East University through platform construction.

Scene of the meeting

    The current development of corporate enterprises was also discussed on site during the meeting. “The New Third Board companies, to some extent, are the most dynamic and promising companies in China.” As the honorary president of Association of Corporate Enterprise of Jiangsu Province, Jiang Xipei pointed out that there are 160,000 corporate companies in China, and 1,1000 companies of them have been listed into the New Third Board. He suggested lowering the trading standard for the New Third Board from the existing RMB 5 million to RMB 2 million or RMB 3 million, so that the liquidity could be significantly improved.

Representatives visit the intelligent medium voltage plant

Representatives visit the technology museum of smarter energy

Group photo