AUX Electrical Equipment is the cradle sector of the Group. As an integrated solution provider for intelligent power distribution and consumption,

the subsidiary Sanxing Medical Electric (601567.SH) supplies intelligent meters, transformers, box-type substations, switchgears, charging piles, etc.

It has manufacturing bases in Ningbo, Brazil and Indonesia, and also 2 R&Ds in Ningbo and Hangzhou. It has mature marketing channel and strategic cooperation projects in more than 60 countries and regions.

In the future, AUX Electrical Equipment will take great effort to develop the intelligent power grid industry chain, focus on intelligent power consumption and distribution, accelerate industrial upgrading and expansion, and strive to become an excellent partner for the integrated global power customer value chain.