Caixin learned on September 2 (Reporter Zhang Liangde) that the M&A drama of Shijiazhuang Kelin Electric (603050.SH) has finally come to an end. Since March of this year, in just 168 days, there have been twists and turns such as the entry of 'barbarians', introduction of white knights, and tender offer. The various shareholders have finally reached a consensus, successfully completing the 'cabinet formation', and the important positions in the company's management have been filled by the original management team.

Hisen Web Energy Controller was appointed as chairman and vice chairman, while nominees from the Shijiazhuang Guotou party were appointed as general manager and chairman of the supervisory board. Both parties have expressed their commitment to jointly promote the company's development. Some grassroots employees of the company expressed to the Caixin reporter: 'This is already a very good result. In the past, it was just slogans, but now there is confidence.'

Tonight, Shijiazhuang Kelin Electric announced the 'Announcement of Resolutions of the First Meeting of the Fifth Board of Directors' and the 'Announcement of Resolutions of the First Meeting of the Fifth Supervisory Board'. The announcement shows that the board mainly deliberated on personnel matters related to the chairman, vice chairman, and general manager. All seven directors unanimously agreed to elect Chen Weiqiang as the chairman of the fifth board of directors, unanimously elected Shi Wenbo as the vice chairman of the fifth board of directors; and at the nomination of chairman Chen Weiqiang, the board appointed Wang Yong as the company's general manager. The supervisory board also unanimously passed the proposal to elect Zhang Guibo as the chairman of the fifth supervisory board.

From the above announcement, it can be seen that the director of Hisen Web Energy was elected as chairman and vice chairman; the supervisor of the Shijiazhuang Guotou party was elected as the chairman of the supervisory board, and the above proposals were all passed unanimously. At the same time, the board appointed the company's elder Wang Yong as the new general manager, and all the shareholders reached a consensus on important personnel appointments.

This is consistent with the information provided to the Caixin reporter by the Shijiazhuang Kelin Electric and Hisen Web Energy representatives after the shareholder meeting the other day.

Representatives of Shijiazhuang Kelin Electric stated: 'Hisen Web Energy, Shijiazhuang Guotou, and Mr. Zhang (former actual controller Zhang Chengsuo) have already communicated and paved the way for the future development of the company. There will be no more previous issues concerning control rights.'

'Hisen Web Energy, Shijiazhuang Guotou, and all parties have strictly adhered to the spirit of the law, the spirit of the contract, and the rules of the capital market, forming a board of directors jointly established by Hisen Web Energy and Shijiazhuang Guotou. Hisen Web Energy will unite and cooperate with Shijiazhuang Guotou, the company's original team, and all parties to jointly plan for the development of the listed company, work together to make Shijiazhuang Kelin Electric bigger and stronger. The new board of directors and the subsequent management team of Shijiazhuang Kelin Electric will continue to enhance the value of the listed company, share the development achievements with investors, and continuously increase the investors' sense of gain.'

According to the grassroots employees of Shijiazhuang Kelin Electric, the company's updated leadership and position arrangements can now be seen on the company's OA system this afternoon.

From the OA list, it can be seen that apart from the former top three shareholders of Kelin Electric, Zhang Chengsuo, Li Yanru, and Qu Guowang, no longer serving in the listed company, most members of the core management team remain in their positions. Shijiazhuang Kelin Electric veterans Dong Caihong, Chen He, Qiu Shiyong, and Ren Yueji serve as vice presidents of the company, and former middle and senior management Zhang Dong and Li Mu serve as assistants to the company's president.

From the above personnel appointment situation, HeiSen Network and Shijiazhuang State-Owned Assets Investment give full trust to the existing management team of the company.

HeiSen Network stated that it will mobilize the high-quality resources within HeiSen Group on the basis of legality and compliance, such as the technical advantages and research and development platforms, supply chain platforms, talent mechanisms, and national and even global marketing channel resources in the areas of chips, power semiconductors, electronics, power electronics, software, and temperature control. In particular, international marketing channel resources will support the listed company's expansion of domestic and international business and leverage its advantages in operations, capital, and management to support the development of the listed company. At the same time, it will also strengthen incentive mechanisms and maintain the stability of the listed company's management team and employees.

As the state-owned shareholder of Kelin Electric, Shijiazhuang State-Owned Assets Investment will also leverage its advantageous resources to provide new impetus for the company's development, and provide strong guarantees for the stability of the company.