Focusing on Main Business and Investment, Developing the Domestic and International Markets

    On November 16, Shen Xuexiang, Director of the Examination and Approval Center of Jiangsu Branch of Bank of China (BOC);Major Account Strategy Auditors Tang Xiaolei, Miao Niannian, and Sun Zhe; Wu Mingchen, Deputy General Manager of the Risk Management Department of Wuxi Branch of BOC; Sun Guoming, President of Yixing Branch of BOC; and Li Jionglei, Vice President of Yixing branch;and Yan Qihui, Director of Marketing Center of Yixing Branch visited Far East to conduct researches and understand business operations. Chairman of Board of Directors of Far East Holding Group Co., Ltd, Chairman of Far East Smarter Energy Co., Ltd. (Smarter Energy, Stock Code: 600869), Chen Jianhong, Chief Financial Officer of the Group, Shao Liang, Deputy Secretary and Chairman of the Board of the Group, and Zhou Yin, Deputy Director of Department of Fund Management received the visitors.

Jiang Chengzhi Introduces the Group and theOperation of SmarterEnergy

    Jiang Chengzhi introduced Far EastHoldingGroup and therecent development of Far East Smarter Energy.He pointed out that under the guidance of the development strategy of "main business + investment", the Group would further focus on its core business. It would center onbecoming "the world's leadingprovider ofsmart energy and smart city system services",and carry out strategic layout of the upstream and downstream of smart energy industry chain. In terms of investment, Far East will invest in smart energy, health, consumption, food and beverage, advanced manufacturing and other industries.At present, the Group's annualized rate of return on investment is at a stable 30%. Since the beginning of this year, its return on investment has been increasing dramatically.At the same time, theblueprint of smart energy industry chain becomes clearer, showing a robust development path and great potential.In terms of implementing internationalization strategy, the Group aims at becoming a "global investment management expert", and optimizing its overseas asset allocation by targeting excellent overseas energy industry-related enterprises under the premise of effective riskcontrol Jiang also introduced to the visiting leaders the development of smart energy in various subsidiaries of Far East Holding Group. He said that for the next step, the Group would focus on new energy vehicle industry, and emphasize the layout of new energy vehicle sales service and management, regional smart grid construction, and new energy vehicles charging services. Far East hopes to join hands withBOC to deepen communication and cooperation, expand cooperation areas, enhance mutual trust and mutual benefit, and promote bilateral strategic cooperative relations.

Shen Xuexiang Gives a Speech

    Shen Xuexiang pointed out that industry and finance were closely related, so business and banking were inseparable.As a strategic partner of Far East, BOC expressed its appreciation to the Far East for its adherence to the sound development path and financial planning. Mr. Shen said that the recent development of Far East was gratifying, with good news about investment coming after one another.Smart energyindustry enjoys a rapid development. The development prospect of newly acquired Far East Foster in new energy vehiclesis promising. Shen hoped that BOC and Far East could have more exchanges and sharing, strengthen strategic cooperation, and seek joint development.

Chen Jianhong Introduces the Financial Operation of the Group

    Chen introduced to leaders of BOC the outstanding achievements in asset restructuring, reducing debt ratio and optimizing the cooperation between banks and enterprises of the Group. She pointed out that since 2015, the Group has adopted a series of measures to promote strategic cooperation with well-known banks in China, raise the proportion of long-term direct financing, lower financing costs, further reduce overall debt ratio, and optimize its financial structure.

Scene of the Discussion