On September 17, 2021, the founding meeting of Huizhou Loda Technology Co., LTD. (hereinafter referred to as the "Joint Stock Company"), a subsidiary of Bailehong Holdings, was successfully held in huizhou headquarters. Zhang Long, senior vice President of Bailehong Holding and Chairman of Longde Technology, Yang Yuanlong, senior vice president and chief Financial Officer of Bailehong Holding, Liu Chunjian, general manager of Longde Technology and other leaders attended the meeting, Chen Qing, vice president of Century Securities, representative of Rongcheng Accounting Firm and Zhonglun Law Firm, Chen Weijun, General manager of Turin Video, and Zhang Yong, General manager of Ebao Industry, and Mr. Feng Ming, professor and doctoral supervisor of The School of Mechanical Engineering, University of Science and Technology Beijing, were specially invited to attend the meeting.

  The meeting was presided over by Zhang Long, chairman of Longde Technology, and reported the overall preparation for the shareholding reform of Longde Technology. At the meeting, the first board of directors and the board of supervisors were elected with the approval of 100% of the shares in order to enact the articles of association of the joint stock company and the rules of procedure for the general meeting of shareholders, the board of directors and the board of supervisors. Subsequently, the joint stock company held the first session of the first board of Directors, the first session of the first board of Supervisors, elected the chairman of the joint stock company, the chairman of the board of supervisors, and appointed the senior management team, laying a solid foundation for the standardized and large-scale development of the company. Finally, the leaders and sponsors delivered speeches respectively.