On Oct. 16, 2019, the Company held the First Extraordinary Meeting of Shareholders in 2019 in Jiangning, Nanjing. The Company’s directors, supervisors, and senior executives attended this meeting of shareholders, including the chairman Pan Longquan, directors Zhang Tong, Ke Zuqian, Hu Yi’an, Lu Xianzhong, Lv Wei, and Zhang Yimin, director and general manager Deng Lingqu, supervisors Liu Yi and Wang Xuebao, board secretary and chief financial officer Liu Zhiwen, and deputy general manager Zhang Linhu, etc. Important proposals on Company’s election of non-independent and independent directors for the second session of the Board of Directors, election of the second session of shareholder representative supervisors, and the amendment of the Articles of Incorporation and other relevant systems, etc. were reported to shareholders and shareholder representatives at the meeting. The shareholders and shareholder representatives listened to the reports at the meeting in earnest, and passed all the fourteen proposals smoothly through the onsite meeting and online voting in three and a half hours. At the end of this meeting, all directors of the second session of the Board of Directors expressed their sincere gratitude to all investors for their trust, concern and support, and promised to, as always, conscientiously perform their duties as directors, actively respond to the opportunities and challenges in the development of the Company, persist with the "market-oriented, customer-centered" development strategy, provide higher-quality products for customers, and create higher value for shareholders. All supervisors of the second session of the Board of Supervisors promised to fulfill their duties practically, and promote the sustained, stable and healthy development of the Company.

On September 19, 2019, President Liu Qingsong of China Institute of Finance and Capital Markets et.al. visited our company for research. The Chairman of Chervon Auto, Mr. Pan Longquan, and the General Manager Mr. Deng Lingqu, warmly received the guests and carried out a discussion. President Liu Qingsong et.al. visited the workshops of molds, valve plates and die-casting of Chervon Auto. They learned about the development history, production capacity scale, production and operation of Chervon Auto. Beyond that, they spoke highly of the company's focus on the main business and on research and development. During the discussion, the two sides conducted an in-depth communication focusing on the overall development of the company, the impact of Sino-US friction, and the 12 new reform measures promulgated by the CSRC, etc.      China Institute of Finance and Capital Markets is a policy research institution of the China Securities Regulatory Commission . It is positioned as the China Securities Regulatory Commission's decision support center, strategic think tank and theoretical academic base. It is responsible for the study of long-term, forward-looking, overall and regular issues in the capital market.

As a leader in the die-casting industry, Nanjing Chervon Auto Precision Technology Co., Ltd_loo88., is the only Asian supplier to win the aluminum alloy casting award at this conference. Meanwhile, this marks also the third consecutive time for Chervon Auto to win the “Global Outstanding Supplier” award jointly presented by Schaeffler Group and Continental Group. On September 19, 2019, President Liu Qingsong of China Institute of Finance and Capital Markets and Director Wang Zheng of Jiangsu Securities Regulatory Bureau et.al. visited our company for research. The Chairman of Chervon Auto, Mr. Pan Longquan, and the General Manager Mr. Deng Lingqu, warmly received the guests and carried out a discussion. Deputy Director General Liu Zhen, President Liu Qingsong et.al. visited the workshops of molds, valve plates and die-casting of Chervon Auto. They learned about the development history, production capacity scale, production and operation of Chervon Auto. Beyond that, they spoke highly of the company's focus on the main business and on research and development. During the discussion, the two sides conducted an in-depth communication focusing on the overall development of the company, the impact of Sino-US friction, and the 12 new reform measures promulgated by the CSRC, etc.  It is understood that the Beijing Securities and Futures Research Institute is the predecessor of the China Institute of Finance and Capital Markets. Established in June 2012, China Institute of Finance and Capital Markets is a policy research institution directly managed by the China Securities Regulatory Commission and is responsible for the study of long-term, forward-looking, overall and regular issues in the capital market. The China Institute of Finance and Capital Markets mainly studies the regular problems of construction, operation, supervision, reform and development of the capital market under the conditions of socialist market economy with Chinese characteristics. It is positioned as the China Securities Regulatory Commission's decision support center, strategic think tank and theoretical academic base.