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On November 3, 2021, the original shareholders of Yangzhou Chengde Steel Pipe Co., Ltd. (hereinafter referred to as the company) agreed that the original foreign shareholder Chengde Steel Pipe Hong Kong Co., Ltd. (a subsidiary of PCC Group of Berkshire Hathaway Co., Ltd.) The company) transferred all 50% of the equity it held to Yangzhou Chengde Heavy Industry Co., Ltd. (actual controller: Zhang Huaide). After this equity transfer, the company`s new equity structure is: Zhang Huaide: 50%; Yangzhou Chengde Heavy Industry Co., Ltd. (actual controller: Zhang Huaide): 50%. The company`s new shareholders have formulated and passed a new company`s articles of association, the registration procedures for industrial and commercial changes have been completed, and the company`s type has been changed from a "Taiwan, Hong Kong, Macao and domestic joint venture" limited liability company to a "natural person investment or holding" limited liability company.

On November 7, 2021, Mr. Yu Long, general manager of Harbin Boiler Factory Co., Ltd., and his entourage visited Jiangsu Chengde Steel Pipe Group for inspection and guidance. Chairman Zhang Huaide of Jiangsu Chengde Steel Pipe Group and General Manager Zhang Zheng warmly received Mr. Yu and his entourage. Accompanied by Mr. Zhang Zheng, general manager of the group, Mr. Yu and his party first visited Yangzhou Chengde No. 2 production line, Jiangsu Chengde continuous rolling production line, and Chengde heavy industry forging and rolling combined production line. Afterwards, a discussion was held in the reception hall on the first floor of the company's red building. Zhang Dong first extended a warm welcome to the president and his party, and thanked Harbin and Mr. Yu for their long-term care for Chengde Group. Chengde Group will make further efforts to continuously improve management, innovate in technology, and continue in quality. Improve and better serve Hapot. Mr. Yu said that on the basis of the good cooperation in the early stage, the cooperation relationship with Chengde Steel Pipe will be further deepened in the future to realize the purpose of mutual support and common development. The two parties also conducted in-depth discussions on the ash hydrogen combustion technology and its test arrangements, and jointly promoted the localization of continuous casting billet P91/P92 seamless pipes.

On October 15, 2021, Mr. QiuJiayou, the executive director and general manager of Shanghai Boiler Works Co., Ltd., visited Jiangsu Chengde Steel Pipe Group for a visit. Mr. Zhang Huaide, Chairman of Jiangsu Chengde Steel Pipe Group, and Mr. Zhang Zheng, General Manager, warmly received Mr. Qiu and his party in the reception hall on the first floor of the Red Building. Zhang Dong reviewed the history of friendly cooperation between the two parties over the years, and introduced the current operating conditions, production capacity and development strategy of Chengde Group. How can both parties further deepen the existing cooperation? How to conduct in-depth exchanges on how to promote technological innovation and upgrading in the traditional energy industry, and how to transform sustainable development in the clean energy industry under the situation of the national "dual-carbon" strategic goal.

Learned from the 2014 national scientific and technological award conference" at Beijing 11th Jan 2015, the project of our company autonomously undertake [innovation development and applying of ultra-supercritical main steel pipe at 600℃" won the first prize of [2014 national scientific and technological progress". The award is second to none in Yangzhou industrial history, and have a milestone significance in the company development history.

Siemens global purchase vice president visited Chengde company at 22/1/2016, chairman mr Zhang huaide expressed his greet and group photo for souvenir Siemens and Chengde have been cooperated for 10 years, Siemens satisfied with the quality, customer service and price of Chengde from the first per P91 of 2016. Chengde and Siemens signed the project of CCPP, and the total volume is 14.4GW at the 10 years of cooperation. Siemens accepted P92 pipe at the basis of P91 pipe with about 1 year discussion of Chengde and Germany head office. Total quantity is 1500 ton including 500 ton P92. This order indicated the big leap of P92 pipe and really significance face world of Chengde P92 pipe. Siemens global purchase vice president indicated that they will have new power projects, wish to offer more support of quality, technical and price, continue innovation hand in hand, promote more cooperation and develop new cooperation markets

After successful supply of 10,000 tons carbon steel to a big petrochemical project in 2013, Yangzhou Chengde Steel Pipe Co., Ltd was again awarded a world largest High-Alloy pipe order from the same project at the beginning of 2014. This order material is supper high alloy material –ASME SA335 P91 with different sizes from outside diameter 219mm to 1067mm, and the total order quantity is 7500tons(1500ton for single size1067mm). Up to now, CHENGDE has got the full package piping supply for this project. Yangzhou Chengde Steel Pipe Co., Ltd is a Joint venture company with American PCC group, with 25years seamless steel pipe manufacturing experience. Because of Chairman Mr. Zhang`s focus on quality and everyday –improvement, Chengde has been approved by most of the well-known EPC companies, such as US-BECHTEL/ US-FLUOR/ ALSTOM/ DOOSAN/ MHI/ HITACHI and so on.