Stick to Strategic Guidance to Deepen Industrial Collaboration

    On December 4, Far East Smarter Energy Co., Ltd. (abbreviation: Smarter Energy; stock code: 600869) held a strategy symposium in Yixing City. Wang Jin, Director of the Institute of International Energy, International Cooperation Center of National Development and Reform Commission, Yin Ming, Chief Strategy Officer and Deputy Director of Center for Strategic Studies, Golden Concord Holdings Limited (GCL), Bai Rui, founder and General Manager of Aokai 100.com, Sun Wentao, Director of China Automotive Engineering Research Institute Co., Ltd., Zhu Ruiyan, former Chairman of Provincial Federation of China Electric Power Planning & Engineering Association and President of Zhejiang Electric Power Design Institute, Wu Changshun, Deputy General Engineer of Shanghai Electric Cable Research Institute and Professor Level Senior Engineer and Yao Liangzhong, Vice President of China Electric Power Research Institute along withother experts were invited. Jiang Xipei, founder of Far East Holding Group, Chairman of Board of Directors and Secretary of the Party Committee, Zhang Xilan, Vice Chairman of Board of Directors, Jiang Chengzhi, President of Smarter Energy, Jiang Huajun, Deputy President and CEO of Smarter Energy and other members of board of directors and board of supervisors, senior advisors and senior management in Far East Holding and Smarter Energy, and senior management in all other subsidiaries also attended. Jiang Huajun presided over this symposium.

Jiang Huajun Presides over the Symposium

Wang Zheng, Secretary of the Board of Directors of Smarter Energy, Delivers the Strategy Report of Smarter Energy

Strategy Report of Smarter Energy: “World’s Leading Smart Energy and Smart City System Service Provider”

　　Smarter Energy provides customers with smart energy and smart city solution services, integrating consultation, planning &design, product R&D, productmanufacturing, installation &commission as well asoperation &maintenance.Smarter Energy plansto establish the trinity ecological system, i.e. ecological system of product service, ecological system of new energy vehicle power and service and ecological system of vertical industry, to finally form into the comprehensive energy infrastructure service system.

Principals of Subsidiaries of Smarter Energy and its Relative Departments DeliverStrategy Reports Respectively

　　Principals of cable companies (including Far East Cable Co., Ltd., New Far East Cable Co., Ltd., Far East Composite Technology Co., Ltd.), Far East First New Energy Group Co., Ltd., Shanghai Intelligence Power Engineering Co., Ltd., Beijing Semeureka Electrics Co., Ltd., System Integration Department of Smarter Energy, Far East Trading Pay Network Co., Ltd., Anhui Cable Co., Ltd., ShengDa Electric Co., Ltd., Far East Material Trading Center, Far East Integration Technology Co., Ltd., Far East Earn Electric Apparatus Co., Ltd. and other subsidiaries of Smarter Energy as well as relative departments, delivered strategy reports respectively.

Experts Presented Offer Advices and Suggestions

　　Experts presented spoke highly of strategic development plans of Smarter Energy and its subsidiaries, and put forward corresponding advices and suggestions based on national industrial policies and abundant industrial experiences, in aspects of introduction of technical talents, promotion of international strategy and industrial development trend as well as cutting-edge technology and combination between industry and finance.

Jiang Xipei Delivers a Summary Address

　　Jiang Xipei indicated that, the strategy symposium concentrated wisdom and efforts of all company managements, and advices and suggestions of external industry experts. These insights were vital to ourdevelopment. We had been undergoing the “starting a new undertaking” by now. Thus we shall put heads together and improve development mode to avoid detours and move on, and this is the significance of strategy symposium. During the transformation and development, Smarter Energy continuously adjusted and optimizedstrategy, and strategically positioned as “World’s Leading Smart Energy and Smart City System Service Provider” with a remarkable degree of consensus.

　　He emphasized that implementation of strategy largely depended on our leadership, execution and collaboration, while these capacities were subject to experience accumulation in daily life and learning from benchmark enterprises. Learning was much easier than creation. And the perfect way to surpass others was to learn from them. We shall share knowledge and technology with others rather than work behind a closed door and be arrogant.

　　He hoped that we shall always maintain the senses of mission, responsibility and crisis, recognize the strategy direction and objective of smart energy in a new and clear manner, thus find our own coordinate centering on strategy objective and achieve system collaboration. In the following four years, we shall further stabilize the business chain of Smarter Energy, and seek outstanding investment and acquisition, to realize the strategy objectives of “annual net profit of over RMB 5 billion, annual operating revenue of over RMB 100 billion, annual market value of over RMB 150 billion and annual revenue of employee of more than RMB 150,000 by 2020”.

Jiang Chegzhi Makes an In-depth Exchange with Experts Presented

　　Finally, Jiang Xipei, Jiang Chengzhi and other members of Smarter Energy and its subsidiaries, conducted an in-depth exchange with experts presented over such hot issues as reform of national electricity distribution and retail, development of new energy vehicles, product quality inspection system and bidding mechanism, Internet + and commodity trading.

Site of Strategy Symposium