Rainbow Group Co., Ltd.

China Electronics Corporation (CEC), referred to as "China Electronics", was established in May 1989, formed through administrative allocation of enterprises originally under the Ministry of Electronic Industry. It is a centrally administered key state-owned enterprise and a central enterprise recognized by the State Council with cybersecurity and information technology industry as its core business. Its core business is related to national information security and the lifeline of national economic development. CEC is accelerating its efforts to become the core force and organizational platform of the national cybersecurity and information technology industry, and is the only Chinese enterprise possessing key core technologies for both computer CPUs and operating systems. Its innovations related to the "PK" system (Phytium CPU + Kylin OS) for basic computer software and hardware have won the first prize of the National Science and Technology Progress Award for three consecutive years. As of the end of 2020, CEC had 26 second-level enterprises, 15 listed companies, and over 180,000 employees, achieving annual operating revenue of 247.92 billion yuan and ranking among the Fortune Global 500 for 11 consecutive years.
Rainbow Group Corporation is a wholly-owned subsidiary of China Electronics Corporation, having been built and put into operation in 1982. In March 2011, it was approved by the State-owned Assets Supervision and Administration Commission of the State Council as a central enterprise in Beijing. In December 2012, it was approved by the State-owned Assets Supervision and Administration Commission to be wholly integrated into China Electronics Corporation. It is committed to the research, development, and manufacturing of display devices and their components, the research, development, and manufacturing of optoelectronic products and related components, and the cultivation and development of industries such as electronic glass, photovoltaic new energy, electronic materials, LED and applications, and modern services. It currently has more than 20 wholly-owned, holding, and participating companies, and 2 listed companies: Rainbow Shares (600707.SH) and Rainbow New Energy (0438.HK). It has more than 7,000 employees. Since 2016, Rainbow Group, adhering to the corporate spirit of "pioneering and innovation, pragmatism and efficiency", and focusing on the overall goals and key tasks of the new three-year development, has invested 55 billion yuan to build three major business segments. Among them, 35 billion yuan has been invested to vigorously develop large-size G8.6 (compatible with G8.5) substrate glass, cover glass, and G8.6 LCD panel businesses; 10 billion yuan has been invested to vigorously develop photovoltaic glass, photovoltaic power stations, and LED semiconductor lighting construction; and 10 billion yuan has been invested in the construction of health, medical technology, and cultural industries, as well as real estate development and commercial logistics in the old Xianyang plant area, aiming to build a medical and health industry group.