Far East Holding Group and Tsinghua Holdings Join Hands to Sign the Strategic Cooperation Agreement

    On July 28, the signing ceremony for strategic cooperation between Far East Holding Group and Tsinghua Holdings kicked off in Beijing TusPark. Xu Jinghong, Chairman of the Board of Tsinghua Holdings Co., Ltd., and Jiang Xipei, Chairman of the Board and Secretary of Party Committee of Far East Holding Group; signed the agreement on behalf of the respective party. The attendees of the signing ceremony included Jiang Huajun, an investor, Director of Far East Holding Group, and Associate Director of the Board and CEO of Far East Smarter Energy Co., Ltd. (hereinafter referred to as “Smarter Energy”, stock code: 600869); Chen Jing, Director and COO of Smarter Energy, Xu Guoqiang, an investor, Vice Chairman of the Group Board of Supervisors and CAO of Smarter Energy; Li Zhongxiang and Zheng Yun, Vice President of Tsinghua Holdings; and Zhang Hongmin, Assistant President and Strategic Director also attended the ceremony as a guest to help sign the agreement.

Xu Jinghong (front row, left) and Jiang Xipei sign the agreement on behalf of the respective party.

    According to the agreement, based on the principle of equality and mutual benefit, integrity and good faith, long-term and stable cooperation, powerful combination, and joint development, both parties should take core industries and superior resources as the foundation, explore a united cooperation mechanism aiming at the industrialization of scientific achievements in smarter energy and smart city, give full play to the advantages of innovation resources of both sides, and jointly build an incubation platform of sci & tech innovation in smarter energy and smart city. Meanwhile, both parties should work together to explore the ways of capital cooperation like venture capital funds and industry funds, centering on dominant industries of both sides, such as smart city, smarter energy and Internet of Things, so as to boost the industrial layout in smarter energy and smart city, as well as integrate the global innovation project and enterprises in smarter energy and smart city. The two parties should give full play to the advantages of both sides to realize mutual benefit and resource sharing, and enhance the competitiveness of two parties.

    Public data demonstrates that, to integrate enterprises under its control, Tsinghua University funded Tsinghua Holdings. Based on sci & tech industries and value creation, driven by the integration of innovation, industry, and capital chains, Tsinghua Holdings is committed to boosting industrialization of scientific and technological research achievements, incubation, investment and operation of innovative enterprises, and cultivating innovative talents. The company aims to become a world-class ecological enterprise in sci & tech innovation and service. As of the end of 2016, the consolidated total assets of Tsinghua Holdings has surpassed 300 billion, and the number of listed companies directly or indirectly held by Tsinghua Holdings has amounted to more than 20. Currently Tsinghua Holdings has established five major industrial clusters, including sci & tech industries, sci & tech services, sci & tech finance, innovative industries, and modern education.

Signing Ceremony

    Chen Jinlong, an investor, Supervisor of Smarter Energy and Senior Consultant; Ma Yueqin, an investor, Senior Director of Smarter Energy and Assistant to General Manager of Far East Cable; Jiang Rongwei, an investor, Senior Marketing Director of Smarter Energy and Vice General Manager of Far East Cable, and Guo Xiaohang, Director of Brand Culture Center attended the signing ceremony.