Chint Group Co., Ltd. (hereinafter referred to as "Chint") was founded in 1984 and is a globally renowned provider of smart energy system solutions. Since its establishment 40 years ago, Chint has always been focused on industry and brand building, deeply implementing the strategic measures of "industrialization, technology, internationalization, digitization, and platformization". It has formed three major sectors of "green energy, intelligent electrical, and smart low-carbon" and two major platforms of "Chint International and Sci Tech Incubation", focusing on building the "211X" business management capabilities, namely the clustering ability of the two major industries of intelligent electrical and new energy, regional localization ability, integration ability of the middle and back office, and ecological cultivation ability of science and technology innovation. Chint's business covers more than 140 countries and regions, with over 50000 employees worldwide. In 2023, the group's operating revenue was 155 billion yuan, and it has been listed in the top 500 Chinese enterprises for more than 20 consecutive years. Chint Electric (stock code: 601877) is the first A-share listed company in China with low-voltage electrical appliances as its main business.

Chint continues to deepen its "One Cloud, Two Networks" strategy, using "Chint Cloud" as a carrier for smart technology and data applications, taking the lead in building energy IoT and industrial IoT platforms, and striving to be an explorer, advocate, and practitioner in the new blue ocean of green and low-carbon development. By leveraging the service capabilities of the "Green Source, Smart Network, Load Reduction, and New Storage" system, we aim to build a platform based enterprise, construct a regional smart energy industry ecosystem, and provide a comprehensive energy solution for public institutions, businesses, and end-users, achieving energy conservation, carbon reduction, and accelerating energy transformation.

Chint firmly adheres to the concept of industrial development and innovation driven development. Comprehensively enhance the level of business capabilities, promote and drive the group's industrial strength, optimization, and expansion. The company has 24 research institutes with Chint Group Research Institute as the core, and has established 4 global R&D centers in North America, Europe, Asia Pacific, North Africa and other regions, integrating global innovation resources and forming a diversified and open R&D system. The annual R&D investment accounts for 3% -12% of sales. As of now, we have authorized more than 9000 patents, participated in 48 international and national standardization technical committees, and led and participated in the revision of more than 550 international, national, industry, and group standards. It has been successively recognized as a national enterprise technology center and a national industrial design center, and has won titles such as National Technology Innovation Demonstration Enterprise, National Intellectual Property Demonstration Enterprise, and China Industry University Research Cooperation Innovation Award.

Chint remains steadfast in its commitment to green, low-carbon, and high-quality development. After years of deep cultivation in low-voltage electrical appliances, we are now accelerating the layout of new energy. Seize the new opportunities of global energy transformation, deeply integrate into the global new energy industry chain, and build a new integrated development ecology of the entire industry chain of "power generation, storage, transmission, transformation, distribution, sales, and consumption".

Chint adheres to open development and unwavering global layout. Actively building a resource intelligent sharing and collaborative business platform, establishing six international marketing regions, with manufacturing bases located in Wenzhou, Shanghai, Jiaxing, Shenyang, Xianyang, Jinan, Hefei, Wuhan, Nanyang, Yancheng, Yanchi, Songyuan, Fengyang, Jiuquan, Yiwu and other places, and achieving localized manufacturing in countries such as Vietnam, Singapore, Malaysia, Cambodia, Egypt, Thailand, Uganda, Saudi Arabia, etc., closely cooperating with local partners, and continuously achieving stable global business growth.

Chint firmly adheres to the culture of people-oriented and value sharing. Our mission is to make power energy safer, greener, more convenient, and efficient. Our core values are customer-centric, innovation, humility, integrity, collaboration, and responsibility. Our business philosophy is to create value for customers, seek development for employees, and take responsibility for society. We aim to achieve value sharing with domestic and foreign partners and upstream and downstream of the industry chain, and build a development community.

Chint actively fulfills its social responsibilities, and has successively invested in the establishment of the "Chint Moral and Academic Award for Chinese Middle School Students" and the "Chint Assistance Fund for Impoverished College Students in Zhejiang Province", initiated the establishment of the "China Red Ribbon Foundation", and invested 90 million yuan to establish the "Chint Public Welfare Foundation". As of now, we have donated over 500 million yuan in funds and goods to various social welfare undertakings such as poverty alleviation, education assistance, earthquake relief, public entrepreneurship, and ecological protection. In 2021, we ranked among the top 100 private enterprises in China for social responsibility.

Chint has successively won the "China Industry Award", "China's Outstanding Private Technology Enterprise", "China's Top Ten Machinery Industry Enterprises with Core Competitiveness", "National Intelligent Manufacturing Pilot Demonstration Factory", "China Quality Award Nomination Award", "National Advanced Grass roots Party Organization", "National Advanced Enterprise in Employment", "National May Day Labor Award", "China Charity Award" and other honors and titles, and was selected into the United Nations Global Compact (UNGC) "Global Partnership", "Best Practice of 2021 Enterprises to Achieve Sustainable Development Goals", "Sustainable Development of Countries along the the Belt and Road" and other honors.