Weisheng Holdings Limited (HK3393) was established in 2000 and successfully listed on the Hong Kong Main Board in 2005. It is a leading domestic and internationally advanced energy metering and energy efficiency management service provider. Weisheng provides efficient and professional comprehensive energy solutions to serve power operators, water, gas, and thermal utility operators, smart city operations, large-scale public construction, petroleum and petrochemical, transportation and other national key projects and projects, serving industrial, commercial and residential users, and continuously innovating products and technologies to support the development of the energy metering industry and smart home field. Our business scope covers all provinces and regions in China, and exports to nearly 40 countries and regions worldwide. We have established business connections with more than 70 countries and regions, and our product quality has been widely recognized by users. Since its listing, it has invested a total of 3.7 billion yuan in Hunan, with a cumulative output value of 40 billion yuan and a cumulative tax payment of 2.8 billion yuan. Weisheng Group Co., Ltd. is a core subsidiary of Weisheng Holdings Limited and a leading supplier of energy metering equipment, systems, and services in China, with over 1700 employees. Weisheng Technology Park covers an area of 460 acres with a building area of 150000 square meters. It has introduced industry-leading automated production equipment and process technology, warehouse management information system (WMS), and SAP's ERP system. It is currently one of the advanced research and manufacturing bases for energy metering and energy efficiency management products in China. Throughout its history, Weisheng has been deeply involved in the field of domestic electricity metering, while vigorously exploring overseas markets. Its products have been exported to more than 50 countries and regions, and local chemical plants have been established in Tanzania and Brazil to provide customers with closer services. On November 4, 2013, General Secretary Xi Jinping visited Weisheng for inspection and encouraged Weisheng to increase research and development and continuously innovate. Encouraged by General Secretary Xi Jinping, Weisheng has always taken innovation as its development engine and has a strong R&D team for energy metering and energy efficiency management technology. There are more than 600 R&D engineering and technical personnel, including more than 300 R&D and technical personnel. 36% of the senior talents have a master's degree or above (including a doctoral degree). We have 12 members of the National Standardization Technical Committee for Electrical Instruments and Meters. Weisheng Group has multiple innovative platforms, including a nationally recognized enterprise technology center, a national postdoctoral research workstation, a national demonstration academician expert workstation, a Hunan Energy saving Measurement Instrument Engineering Technology Research Center, and an enterprise science and technology association. In June 2012, Weisheng Research Institute was established, which has become the engine leading Weisheng's future technological direction and promoting the steady development of its business. Weisheng invests over 8% of its operating revenue in research and technological innovation to ensure leading technology and products. As of now, Weisheng Group has 576 valid patents, including 52 invention patents, 263 utility model patents, and 261 design patents; Having 521 software copyrights; Participated in the formulation of 49 national and industry standards, of which 37 standards have been released. Received 1 second prize for national scientific and technological progress, 1 China Patent Excellence Award, 1 first prize for scientific and technological progress in Hunan Province, and multiple other provincial and municipal scientific and technological awards. In 2016, Weisheng was awarded the title of "2016 Intelligent Manufacturing Pilot Demonstration Project" and "National Quality Benchmark Enterprise" by the Ministry of Industry and Information Technology of China. In 2017, it won the 5th Hunan Provincial Governor's Quality Award. In May 2018, Weisheng Group was awarded the "National May Day Labor Award", the "2018 National Youth Safety Production Demonstration Post" in 2019, the Bronze Award in the 5th "Youth Innovation and Creativity Competition" of State Grid Corporation of China, the "Single Champion" title for three-phase electronic energy meters issued by the Ministry of Industry and Information Technology, and became a smart meter manufacturer with IDIS P2 DLM full function certification. Weisheng innovates its talent mechanism through internal training and external attraction, anchoring a new pattern of talent production line construction. In the future, Weisheng will adhere to the core corporate values of "sincerity and excellence, and coexistence of righteousness and benefit". While achieving leapfrog development, we will actively fulfill our corporate social responsibility, so that every city, community, enterprise, and household can benefit sustainably from Weisheng's products, technologies, and services.