Investor Relations-FTXT

FTXT (referred to as the "Company") was initiated and established by Great Wall Holding Group on April 15, 2019, with a registered capital of 450 million RMB after 3 years of incubation. The company is committed to returning the power that drives the world to nature and promoting sustainable human development with renewable energy.

The company has completed two rounds of private financing, with total financing of more than 1.4 billion RMB and registered capital of nearly 800 million RMB since the end of 2021. Through financing, FTXT has successfully introduced strategic investors such as Beijing-Tianjin-Hebei Industrial Collaborative Development Investment Fund, China Building Materials New Material Fund, Human Insurance Technology Innovation Equity Investment Fund, China Construction Credit Navigator Development Fund, etc., continuously optimized the company's shareholder composition, further improved the company management structure, strengthened the internal power of company management, improved operational efficiency, and built a good company management ecology. At present, the company has started the Series B+ financing process, and the IPO compliance preparation is also progressing steadily.

The board of shareholders is the company's highest authority, making decisions on major matters such as revision of the articles of association, capital increase, profit distribution, election and replacement of directors and supervisors.

The board of directors is the company's decision-making body, responsible for the board of shareholders, exercising the decision-making right of the company's strategic management and operation management, and ensuring the maximization of shareholder value.

The board of shareholders is the highest authority of the company, currently composed of 17 legal persons and individual shareholders

The main duties of the board of shareholders are:

To decide on the company's business policy and investment plan;
To decide on the company's business policy and investment plan;
To elect and replace directors and supervisors, and decide on the remuneration of directors and supervisors;
To review and approve the report of the board of directors;
To review and approve supervisors' reports;
To review and approve the company's annual financial budget plan and final accounting plan;
To review and approve the company's profit distribution plan and loss recovery plan;
To make decisions on increasing or reducing the registered capital of the company;
To making decisions on the issuance of corporate bonds;
To make decisions on the company's combination, division, dissolution, liquidation or change of company form;
To make decisions on the company's combination, division, dissolution, liquidation or change of company form;
To amend the articles of association.

The board of directors is the company's decision-making body and is responsible for the board of shareholders. The current board of directors consists of 5 people, including Chairman and Executive Director Zhang Tianyu, Executive Director and President Chen Xuesong, Non-executive Directors Tang Haifeng, Du Shuo and Sun Jie.

The main responsibilities of the board of directors are:

To convene board of shareholders and report to the board of shareholders
To execute the resolutions of the board of shareholders
To decide on the company's business plan and investment plan;
To formulate the company's annual financial budget plan and final account plan;
To formulate the plans for company profit distribution and losses recovery.
To formulate plans for increasing or decreasing the company's registered capital and issuing corporate bonds;
To formulate plans for merger, division, dissolution or change of company form;
To decide on the establishment of the company's internal management structure;
To decide on the appointment or dismissal of the general manager and his remuneration, and to decide on the appointment or dismissal of the deputy general manager and the financial of administrator and their remuneration upon the nomination of the general manager;
To decide on the employment or dismissal of the accounting firm undertaking the company's audit business;
To formulate the basic management system of the company;