On November 2, Far East Holding Group received the visit paid by Chen Li, founding partner and president of Zhisland Co-Investment Funds and Jia Tao, vice-president of Zhisland and leaders of member enterprises of Zhisland including: Zhang Rongming, chairman of Aimer Group; Hu Zhengquan, chairman of Chongqing Hailun Investment Co., Ltd., Guo Hongbin, deputy general manager of Anhui Xinhua Publishing (Group) Holding Co., Ltd., Xu Jingming, chairman of Anhui Xunfei Industrial Investment Co., Ltd. and An Peng, investment director of Beijing Etown Capital. They were received by Jiang Xipei, director of BOD and CEO of Far East Holding Group; Chen Jing, investor and chief operation officer of Far East Smarter Energy Co., Ltd. (Smarter Energy, stock code: 600869); Shao Liang, deputy director of BOD office of Far East Holding Group and secretary of BOD’s director; Chen Haiping, investor, senior director of Smarter Energy and assistant general manager of Far East Cable.
Jiang Xipei Speaking at the Meeting
Jiang Xipei pointed out that enterprises, as the cells of society, shoulder social responsibilities and enterprises should have the awareness and capability to make contribution to society. The mission of Far East Holding Group is to create value and serve society. Far East upholds the coordinated development of three undertakings (industrial, educational and charity undertakings), serves local economic development and advances social charity. He noted, “core business” and “investment” would always be the development strategy of Far East Holding Group. The revenue of Far East Holding Group is expected to exceed RMB 2 billion, registering an exponential growth this year. The investment revenue is also estimated to grow significantly. Revenue growth contributed by core business and investment is tending to be balanced. As for the core business, the advantage of smart energy industrial chain becomes prominent. The revenue of MMBAO and transaction center or “Two Platforms” has witnessed a huge growth; while the influence of One Grid or cable grid has increased remarkably. Concerning investment, Far East Holding Group has made investment in 329 companies, including 84 listed enterprises and the investment is getting its returns. He said, on one hand, Far East Holding Group should manage its current business very well; on the other hand, efforts will be carried out to begin global M&A. Guided by the mindset of being open, tolerant and willing to share, we bring together ambitious and like-minded business partners and organizations to build a long-lasting enterprise with great capital strength.
Chen Li Speaking at the Meeting
Chen Li introduced the investment of Zhisland Co-Investment Funds(Zhisland Funds for short) and her investment experience. Zhisland Funds has had remarkable performance over the past two years since its establishment. Nearly 30 Phase One and Phase Two projects have proceeded quite well. Many Phase One projects have become qualified to carry out IPO and relevant procedures have been kicked off. Phase Two projects have registered stable progress. Zhisland Funds will further consolidate its achievements and increase revenue by building on the past achievements. She remarked that the key of investment lies in the investment in talents and those entrepreneurs with great vision and firm belief are preferred. As she mentioned, it is luck that brings limited partners or LPs of Zhisland Funds together. We cherish the luck and are determined to manage the funds of Phase Two very well, so that LPs can feel reassured.
Corporate Development Introduction by LP Representatives
Zhang Rongming, Hu Zhengquan, Guo Hongbin, Xu Jingming, An Peng and other LP representatives spoke highly about the development model and achievements of Far East Holding Group and they also introduced their companies.
Representatives from Zhisland-invested CompaniesTalking about the Project
Representatives from Zhisland-invested companies briefed their corporate development including Qiu Guojin, founder of Shanghai Chuangleren Corporate Development Co., Ltd.; Huang Xiaodan, founder of Beijing Uoolu Tech Co., Ltd.; Zhu Xiaohui, co-founder of Chuangye Haomai.
An In-depth Profile of Far East Holding Group by Chen Jing, Shao Liang and Chen Haiping
Chen Jing, Shao Liang and Chen Haiping elaborated on Far East Holding Group’s development concept and corporate culture from the perspectives of building smart energy industrial chain, the culture of “harmony” and “flexibility”, “focusing on moral integrity and performance,” “core business and investment.”
The visiting delegation paid visit to Science Museum of Smart Energy, MV Cable Factory of Smart Energy, maritime equipment cable factory and Far East Longwan Community.
Visit to Science Museum of Smart Energy
Group Photo