On August 5, Xu Bin, the delegation led by Chief Expert of Bank of Communications, Secretary of the Party Committee of BoComm Leasing and the proposed Chairman of Board of Directors, visited Shanghai Electric Group and conducted in-depth communication with Leng Weiqing, Secretary of the Party Committee and Chairman of the Board of Directors of Shanghai Electric Group. The parties discussed about their business characteristics, development planning and the direction and key fields of business cooperation in the future and reached agreement on driving the upgrade of the electrical equipment industry, promoting the integrated development of traditional and new energies, and supporting the "building a strong manufacturing country" strategy through financial leasing. Wang Dong, member of the Party Committee and Vice President of BoComm Leasing and Zhou Zhiyan, CFO and Secretary of the Board of Directors of Shanghai Electric Group attended the meeting.

Xu Bin expressed his appreciation for the care and support given by Shanghai Electric Group. According to Xu Bin, as a leading enterprise of the domestic financial leasing industry, BoComm Leasing has continuously deepened the development strategies of "specialization, internationalization, differentiation and characterization", accumulated rich experience in fields of shipping, aviation and equipment and facility leasing, and achieved outstanding results. The Company actively serves national strategies and the real economy, builds up characteristic businesses and advantages in fields of energy and electricity and equipment manufacturing, and focuses on "new life", "new technology", "new energy" and other tracks to promote development transformation. Shanghai Electric Group is a world-class and comprehensive high-end equipment manufacturer and a leading enterprise in China's industrial manufacturing sector. Its industrial sectors and business plans are highly consistent with business characteristics and development priorities of BoComm Leasing. BoComm Leasing will fully utilize its advantages in products and systems, deeply participate in the building and development of energy equipment, industrial equipment and integrated service industries, focus on the six cooperation scenarios to actively empower the development of Shanghai Electric Group through financial leasing, and enable concentrated development of high-end equipment manufacturing to achieve development with higher quality.

Leng Weiqing welcomed Xu Bin and his delegation. According to Leng Weiqing, as a main force of China's equipment manufacturing, Shanghai Electric Group focuses on intelligent energy, intelligent manufacturing and intelligent infrastructure, adheres to the principles of openness, coordination and win-win cooperation, and has formed an industrial pattern of "mutual completion between new and old momentum" and "combination of traditional energies with new energies". Shanghai Electric Group serves national strategies, continuously improves its industry chain, actively plans for business layout at home and abroad, develops new tracks and application scenarios for new technologies, and contributes to China's energy reform and development. The Group hopes to cooperate with BoComm Leasing in an all-round and in-depth way in key fields and major projects and jointly set up the example for industry-finance integration.

The delegation included personnel of the R&D Department, Office, Business Department II and Review Department of BoComm Leasing.