On May 18, Shi Baofeng, Chairman of the Board of Directors of CR Power met with Liu Tao, Mayor of Xuchang City in Shenzhen. Both parties held discussions and exchanges on expanding cooperation in different business models and reached a broad consensus.

Mr. Shi Baofeng extended his warm welcome to Mr. Liu Tao and his delegation and expressed his gratitude to Xuchang Municipal Party Committee and Municipal Government for their long-term care and support to CR Power. He also introduced the basic information of CR Group and the "14th Five-Year Plan" of CR Power. He said that during the "14th Five-Year Plan" period, CR Power will, relying on the Group's advantages of diversified industries, cooperate with Xuchang City to continuously promote multi-format and multi-industry cooperation, and promote investment and construction of clean energy projects in a high-efficiency and high-quality manner. It is hoped that both parties will strengthen communication and exchanges and boost the high-quality economic and social development of Xuchang City.

Mr. Liu Tao, on behalf of the Xuchang Municipal Party Committee and Municipal Government, expressed his gratitude to CR Group for its positive contributions to the economic and social development of Xuchang City and introduced basic information about Xuchang. He said that Xuchang has obvious regional advantages and outstanding advantages in the electronic equipment manufacturing industry. It is hoped that both parties will seek more coherence points while deepening the cooperation in the existing new energy, medicine, real estate and other fields. Xuchang Municipal Party Committee and Municipal Government will provide service support for China Resources' investment in Xuchang, and strive for making more achievements in the cooperation between both parties, thus building a model of central and local cooperation.

This meeting was also attended by Zhao Shuhong, Deputy Mayor of Xuchang City, Sun Jiqiang, Chairman of XJ Group, relevant leads of Xuchang Municipal Bureau of Commerce, Bureau of Industry and Information Technology and Weidu District People's Government, Lan Tian, Deputy General Manager of CR Digital, managers of CR Pharma Henan Region, Fan Zhe, Vice President of CR Power and relevant persons in charge of the CR Power Strategic Investment Department, CR Power Headquarters Office, Central and Western Regions and North Henan New Energy Company.