A Delegation Led by Gao Zengyin, General Manager of the Department of Investment and Asset Managemen

On July 11, Gao Zengyin, General Manager of the Department of Investment and Asset Management, Bank of Jiangsu Head Office, Wang Weibing, President of Bank of Jiangsu, Wuxi Branch, Zhang Heng, General Manager Assistant of Business Department of Structure Financing, Bank of Jiangsu Head Office, Jin Jianming, Vice President of Bank of Jiangsu, Wuxi Branch, Dong Yan, General Manager of Investment Banking Division, Bank of Jiangsu, Wuxi Branch, Gu Xuejun, President of Bank of Jiangsu, Yixing Branch and other leaders arrived at Far East Holding Group Co., Ltd. (hereinafter referred to as “Far East”) for communication and exchange. Jiang Chengzhi, an investor, Board of the Far East and President of Far East Smarter Energy Co., Ltd. (hereinafter referred to as “Smarter Energy”, stock code: 600869), Li Taiyan, CFO of Smarter Energy, Wang Zheng, Board Secretary of Smarter Energy, Zhou Zhaohui, Administrative Officer of Board of Directors, Far East, and Zhou Yin， an investor, Deputy Director of Department of Capital Management, Far East received the leaders and attended the symposium.

Jiang Chengzhi makes a speech in the symposium

In the symposium, Jiang Chengzhi introduced the establishment, development and transformation history and indicated that Far East obtained good benefits through the adherence to the “main business + investment” development strategy. Among them, the contribution of foreign investment plays a greater part, making the transformation and upgrading fruitful. In 2020, Far East will endeavor to achieve those goals: the total asset of more than RMB 100 billion, the annual brand value of more than RMB 100 billion, annual operating revenue of RMB 135 billion, in which Smart Energy of RMB 100 billion. Jiang Chengzhi said that subsidiaries held by Smart Energy are among the top 3 outstanding companies in the industry, and listing companies will consistently search for potential investment and acquisition opportunities.

Gao Zengyin makes a speech in the symposium

Gao Zengyin highly appreciated the favorable development mechanism of Far East, particularly the great success in the industry upgrading and transformation and large amount of successful listing of investment enterprises. Furthermore, he expressed great concern to various fields that Smart Energy invested and the willingness to strategic cooperation. He proposed that two sides can share resources, co-invest and develop together. Gao Zengyin also said that compared to other banks, the Bank of Jiangsu possesses its own advantages, particularly the superiority of decision-making. He hoped that the pace of cooperation can be stepped up through a further in-depth communication by both sides.

The two sides communicate in the symposium

The Bank of Jiangsu is a modern joint-equity commercial bank which based on 10 city commercial banks such as Wuxi, Suzhou and Nantong. Officially open to business on January 24, 2007, the Bank of Jiangsu is the largest corporation bank in Jiangsu. As of the end of 2016, the total asset reached RMB 1,598.3 billion, the total deposits RMB 907.4 billion, and total loan loans RMB 649.4 billion. The Bank of Jiangsu, with a total of 14,000 employees, set up 541 bank outlets, 13 branches inside the province and 4 branches outside the province. The service network of the Bank of Jiangsu radiates to three major economic circles of Yangtze River Delta, Pearl River Delta and Circum-Bohai Sea Economic Zone. On August 2,2016, the Bank of Jiangsu initial public offering of A share in Shanghai Stock Exchange and successfully listed (stock code: 600919).  In the Top 1000 World Banks 2016 of The Banker, ranked 126 according to Tier 1 Capital, the Bank of Jiangsu is one of the fastest-growing banks in China.