Sun.King Power Electronics Group Limited was established in 2002 and listed on the main board of the Hong Kong Stock Exchange in 2010 with stock code 0580. Sun.King shoulders the mission of “innovating with science and technology and promoting the development of green energy”. Since its establishment, Sun.King has strictly adhered to the core values of “respect, innovation and transcendence” and strives to become “the world's leading power semiconductor device and system solution”, contributes to the advancement of China's power electronics technology. So far, Sun.King has formed four production bases in Zhejiang Jiashan, Jiangsu Wuxi, Hubei Wuhan, and Jiangxi Jiujiang, as well as three R&D centers in Switzerland, Wuhan and Beijing. And in the transmission and distribution, electrification transportation, industry and other have outstanding performance. In 2017, China Hi-Tech Group Corporation and Guojing Capital Co., Ltd. became the strategic shareholders of the Group, laying a solid foundation for the Group's sustainable and healthy development in the future.

Looking into the future, China will continue to focus on the two development directions of “clean alternatives, electric energy substitution” and accelerate the adjustment of energy structure and energy technology. It directly promoted the rapid development of the power electronics industry and brought unprecedented opportunities and challenges to Sun.King.

Here, I sincerely thank all shareholders, stakeholders and the colleagues of the board of directors and all employees for their support and dedication to the company! I will continue to work hard with the management team to create maximum value for shareholders, provide a broad platform for employees to display their talents, fulfill their social responsibilities, promote environment protection,contribute to the progress of power electronics technology, and achieve healthy and sustainable development of enterprises.

Xiang Jie