Wangbian Electric

Chongqing Wangbian Electric (Group) Co., Ltd. (hereinafter referred to as "the Company") was registered and established on August 16, 1994 in Changshou County, Chongqing, with Yang Zemin as the legal representative and a registered capital of approximately RMB 333 million. It has a wholly-owned subsidiary, Chongqing Huize Electric Appliance Co., Ltd., holds a controlling stake in Qiannan Wangjiang Transformer Co., Ltd., and has a minority stake in Chongqing Nengtou Changshou Economic Development Zone Power Sales Co., Ltd. On April 28, 2022, it was listed on the main board of the Shanghai Stock Exchange under the stock abbreviation "Wangbian Electric" with the stock code "603191". The Company is located in the *Economic and Technological Development Zone—Changshou Economic and Technological Development Zone (Chongqing). As of December 31, 2021, it had assets of approximately RMB 2.236 billion and more than 1,000 employees. It mainly produces two major categories of products: power transmission and distribution and control equipment, and oriented silicon steel, and has formed an integrated industrial chain "from oriented silicon steel to transformers to box-type substations and complete electrical equipment." Power transmission and distribution and control equipment mainly includes power transformers of 110KV and below, box-type substations, and complete electrical equipment, which are widely used in rail transit, wind power generation, photovoltaic power generation, data centers, energy conservation and environmental protection, and other fields. Silicon steel products mainly include high magnetic induction oriented silicon steel (HiB) and general oriented silicon steel (CGO), with an annual output of more than 100,000 tons, ranking fourth nationwide and second among private enterprises, with product performance leading in China, filling the gap in oriented silicon steel production in Southwest China. The Company adheres to the vision of "Building the Wangbian brand, creating an industry pioneer, and becoming a century-old enterprise," has gathered a group of researchers from home and abroad, established a postdoctoral research workstation, mastered multiple core patented technologies such as "double-split rectifier transformers," "arc suppression grounding complete equipment," "silicon steel sheet stitching devices," and "thick-walled sleeves for cold rolling of silicon steel," and has developed a number of new technologies, new processes, and new products. It has been successively rated as a *specialized, refined, distinctive, and innovative "little giant" enterprise, a "specialized, refined, distinctive, and innovative" small and medium-sized enterprise in Chongqing, a national intellectual property advantage enterprise, a Chongqing technological innovation demonstration enterprise, and a Chongqing high-tech enterprise. It has won many honors such as Chongqing's hidden champion among small and medium-sized enterprises and Chongqing-recognized enterprise technology center. The Company adheres to the service mission of "unconditional service, endless pursuit, and *optimal cost-effectiveness," has been deeply engaged in its leading industry for nearly 30 years, accumulated a broad customer base in the industry, and established a sales regional layout centered on Southwest China including Chongqing, Sichuan, Guizhou, and Yunnan, combined with rapidly growing regions such as Central China and South China. Silicon steel products are exported to overseas markets such as Singapore, India, Malaysia, and Turkey. With "loyalty, responsibility, innovation, and efficiency" as its core values, the Company will focus on the development and coordinated growth of the two major fields of "oriented silicon steel and power transmission and distribution and control equipment," firmly rely on scientific and technological research and development, talent competition, brand development, and international operations, realize the Company's innovative and green development, strive to build the Company into a world-class integrated enterprise in the research and development, production, and sales of electrical steel materials and intelligent electrical equipment, and firmly embark on the new journey of "building a ten-billion enterprise, ranking among the top hundred, and building a century-old Wangbian," contributing to the development of the industry and the progress of mankind!