

Zhai Kun, Deputy General Manager of XCMG E-Commerce Inc. presided over the conference. Liu Jiansen, shareholder representative, Assistant President of XCMG and Chairman of XCMG E-Commerce Inc., attended the conference and delivered a speech. At the conference, shareholders deliberated over the articles of incorporation and reached an agreement. Meanwhile, in accordance with the articles of incorporation, they elected directors and supervisors, and established the first board of directors and supervisors.