Chairman Yang Yunchun was invited to attend the private enterprise symposium of Beijing Xicheng District Committee.

On the afternoon of November 1, 2018, Lu Yingchuan, Secretary of the Xicheng District Committee of Beijing, presided over the organization of a private enterprise symposium to listen to the opinions and suggestions of private entrepreneurs on the current economic development situation, and the current difficulties and problems in the development of enterprises, And matters that require government attention and support. Deputy District Directors Sima Hong, Miao Jianhong, Jia Wei, and responsible persons of District Development and Reform Commission, District Finance Bureau, District Culture Commission, District Commerce Commission, District Industry and Development Bureau, Financial Street Service Bureau, Xicheng Park Management Committee and other units attended the meeting. Mr. Yang Yunchun, Chairman of Naiwei Technology, was invited to attend the symposium as a representative of private enterprises. At the

symposium, private entrepreneurs introduced their respective companies' operating models, business segments, development status, future plans, practical difficulties, etc., and also suggested that government departments should provide policy support, talent introduction, and tax incentives., Business matching and other aspects to support private enterprises, provide help for the development of private enterprises, and help private enterprises become better and stronger. Yang Yunchun, chairman of the board of directors, said that Xicheng District is a blessed place for enterprise development, and the business environment has been continuously optimized. At present, Neville Technology has registered five enterprises in Xicheng District, with good overall development and rapid growth in total economic income. On the one hand, it is hoped that Xicheng District can give full play to its strong financial advantages to help major shareholders of listed companies that encounter temporary difficulties to reduce the risk of equity pledge; on the other hand, it is hoped that more high-quality business sectors will be settled in Xicheng in the future.

Lu Yingchuan hopes that entrepreneurs will accurately grasp the situation and strengthen their confidence in development. Carry forward the spirit of entrepreneurship and craftsmanship, and vigorously promote the high-quality development of private enterprises. Lu Yingchuan said that in view of the problems raised by enterprises, those that can be decided by the Xicheng District Party committee and government and conform to the relevant policies and regulations will be solved quickly; all relevant requirements involving higher-level policies will be actively communicated and coordinated; for individual problems, the factors involved are relatively complex and cannot be solved in a short period of time. We will try our best to strive for them and do a good job of communication and explanation.

Xicheng District Party Committee and District Government will support the healthy development of private enterprises with practical actions. At present, we are doing three things well: one is to strengthen in-depth visits and docking, better listen to the opinions of enterprises, understand the needs of enterprises, do a better job of service, and solve the difficulties encountered in development. Second, efforts should be made to solve the financial difficulties encountered by some private enterprises in the course of operation. Third, continue to optimize the business environment.

In response to the current equity pledge liquidity crisis faced by private listed companies, in accordance with the principle of "government guidance, market operation, and social participation", Xicheng District plans to initiate the establishment of the Beijing New Power Quality Enterprise Development Fund. The target size of the fund is 10 billion yuan, and the first phase is 4 billion yuan. The two levels of government in the urban area will guide the fund to participate together and actively introduce cooperative financial institutions and other social capital. The fund is mainly invested in high-quality private listed companies that focus on entity operations, perform well and have a temporary liquidity crisis. To provide financial support to listed companies by means of equity and convertible bonds to alleviate the liquidity risk of listed companies. The fund will design a scientific and reasonable investment plan based on the actual operating conditions of listed companies, do not seek controlling rights, do not interfere with the normal business activities of the company, and hold shares in stages. Once the company resolves the liquidity crisis, it will withdraw in due course. At the same time, a strict wind control mechanism is formulated to ensure the safety of funds and effectively prevent moral hazard.

At present, Xicheng District has sorted out the target listed companies supported by the jurisdiction in accordance with the principle of "one enterprise, one policy", and started to carry out relevant preparatory work. The first support project has formed a specific plan and is expected to be implemented in the near future.

Next, Xicheng District will focus on optimizing the regional business environment, comprehensively creating an open and convenient investment environment, a pragmatic and efficient government environment, a policy environment in line with the functional positioning of the core area, and a fair and just legal environment. Continuously improve and optimize the "1 5 N" economic high-quality development policy system, strengthen the precise guidance of industrial policies, innovate and put forward the service model of "service card, demonstration card, barometer, pro-Qing meeting, honor list", and actively provide personalized and accurate services for enterprises. At present, relevant departments are speeding up the formulation of the "Guiding Opinions on Supporting the Development of Private Enterprises in Xicheng District" to fully support private enterprises to solve difficulties and promote the healthy development of the real economy.

Other private enterprises invited to participate in this symposium are: beijing Juzhi Technology Co., Ltd., Beijing Kaixin Mahua Entertainment Culture Media Co., Ltd., Dongxin (Beijing) Technology Co., Ltd., Beijing Lemon Weiqu Technology Co., Ltd., Beijing Neilian Shoes Co., Ltd., Beijing Hehegu Catering Management Co., Ltd., Beijing Yuanlong Yatu Culture Communication Co., Ltd., Beijing Hualian Supermarket Co., Ltd., Jiayou International Logistics Co., Ltd.