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CHARTING A NEW COURSE AND EMBARKING ON A NEW JOURNEY — DAZHONG PUBLIC UTILITIES LAUNCHES THE 15TH FIVE-YEAR PLAN FORMULATION MEETING

On the morning of June 23, the Group held the kick-off meeting of the compilation of the 15th Five-Year Plan. Members of the senior executives, heads of business segments and functional departments, as well as representatives from Lixin Consulting attended the meeting. Relevant staff from the Company’s subsidiaries joined the meeting from branch venues.

At the meeting, the Board Secretary Office provided an overview of the tasks and schedule related to the formulation of the 15th Five-Year Plan. Representatives from Lixin Consulting offered recommendations on the planning process. Mr. Jiang Yun, the deputy leader of the compilation working group and the Vice President and Chief Financial Officer of the Company, delivered remarks on reviewing and summarizing the financial targets of the 14th Five-Year Plan, fully assessing industry development trends in the 15th Five-Year Plan, focusing on two key categories of financial indicators, and proactively catch developing opportunities brought by the ongoing technological revolution. At the last, the head of the compilation working group and the President of the Company, Mr. Liang Jiawei, emphasized that all subsidiaries must attach great importance to the 15th Five-Year Plan formulation and arrange dedicated personnel to cooperate with the working group. He stressed that the plan should be forward-looking and the business development should always be placed in the first order. He also called for collecting suggestions from frontline employees through various channels and in diverse forms. Additionally, he put forward requirements for information technology construction, technological empowerment, talent cultivation, brand building, corporate culture and other aspects in the compilation.