Shenzhen VERYPOWER 2023 Mid-Year Sales Meeting Briefing

In the passionate summer, the sun is scorching. On July 21, the 2023 mid-year sales meeting of Shenzhen Volbenda was held at the company's headquarters in Shenzhen. The entire sales team in Shenzhen and Wuhan, representatives of the overseas (energy storage) business department, R&D department and functional management departments attended the meeting. Jiang Xiaowei, chairman and general manager of the company, also attended the meeting.

At the beginning of the meeting, the heads of the diesel, gas and energy storage business sectors first gave work reports, made a comprehensive analysis and summary of the market situation and performance since the first half of the year, and made targeted adjustments and deployments for the work priorities in the second half of the year. Although the sales team worked hard, there was still a gap with the expected goals. Objectively speaking, this was the result of multiple factors affected by the market and the company's active contraction. According to the company's requirements, the collection of sales proceeds in the second half of the year is still the top priority and the focus of the assessment. All departments must assign responsibilities to individuals and take multiple measures to ensure the basic operation of the company and provide financial support for the company's strategic transformation.

The chairman basically affirmed the phased work of various departments, and also gave everyone a profound and unique interpretation of the current market environment. The situation has been constantly changing, with both dangers and opportunities coexisting. The company's brand is still our advantage. At the same time, the company's business model and product transformation are also imperative. All departments must speed up the abandonment of past wrong ideas, clear up historical baggage, change thinking, accumulate strength, and help the company focus on new tracks.

Mr. Pan Hengming, the company's executive vice general manager, delivered a keynote speech on the theme of "Being weak does not mean lying down" in response to the macro environment. He objectively analyzed the current market environment and development trends from the perspective of historical laws, encouraged the sales team to follow the trend, keep up with the company's strategic pace to implement work arrangements, and actively plan to face future market opportunities.

The energy storage business is the focus of the company's transformation and a potential market that the company's management has high hopes for. The company's nearly 30 years of accumulation in the power generation equipment industry is the basis for us to expand the energy storage (photovoltaic) market. At this meeting, Mr. Lu Gang, technical director of the R&D department, conducted special training on energy storage, focusing on the basic characteristics, core technologies and various application scenarios of Volbenda's energy storage products, including photovoltaic, diesel and energy storage integration. He also guided sales staff to quickly familiarize themselves with the application and promotion of energy storage products based on current successful cases.

During the free discussion session in the afternoon, all participating representatives spoke enthusiastically and had multi-faceted communication and consultation on sales support collaboration in finance, production, technology, services, and other aspects.

At the end of the meeting, the chairman gave a summary. Chairman Jiang elaborated on the value of life and work from a philosophical perspective. Life is like a journey. Although there are hardships, the rewards are endless. Even though the current market environment is unprecedentedly stressful, there are more opportunities than difficulties. We must still face challenges with confidence, maintain an optimistic attitude, break various boundaries, work harder, continue to learn and innovate, improve our perspective and cognition, enrich ourselves, constantly make up for the shortcomings and deficiencies in our work, and seize broader market opportunities.