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12. Fersa Chairman Gu Rongxin

Gu Rongxin: Enjoy 61% of the investment from Yitian Investment and can make significant decisions about Yitian Investment. Gu Rongxin indirectly controlled 14 million shares of Fersa through Yitian Investment, which had a significant impact on the shareholders' meeting. Gu Rongxin also serves as the chairman of the company, playing a decisive role in decision-making in processing, operation, and other aspects of the company, forming control over the company.

Gu Rongxin, born in 1980, graduated from Ruhr University Bochum in July 2009, with a doctor's degree in engineering. I have previously worked at the planning headquarters of Volkswagen Group in Germany (Wolfsburg), serving as a model development planning engineer, factory overall planning engineer, and model development planning project manager. I have led and participated in the management and planning of multiple international large-scale projects. In 2011, he was selected to return to China as a professor and doctoral supervisor of Tongji University, and served as the chairman of Versaille.

As the chief scientist and project leader of the National 863 Program, he has undertaken a number of national science and technology programs, carried out independent innovation in production, education and research on the platform of Fersa, promoted the engineering and industrialization process of independent fuel power cell technology, and driven and formed a number of leading technological achievements in independent innovation and research. I am currently a member of the National 13th Five Year Plan Energy Technology Overall Expert Group, a member of the Expert Committee of China's Hydrogen Energy and Fuel Power Cell Industry Innovation Strategy Alliance, an executive director of the International Hydrogen Energy Fuel Power Cell Association, a representative of China to the International Fuel Power Cell Standards Committee, an executive director of the Hydrogen Energy Professional Committee of the China Renewable Energy Society, and a leading talent of the Jiangsu Province's "Innovation and Entrepreneurship Team".

Company Overview: Fersa was established in 2009 and is responsible for the research and development, processing, sales of fuel power cells and integrated energy system equipment, as well as providing related technical services. Since Weichai Power increased its capital and became a shareholder in 2016, Fersa has the advantages of industrial chain synergy created by Weichai Power's layout with strong resource background. However, due to the fact that the industry is still in its early stages, Versailles' performance is still not ideal. Its 2018 annual report shows that the company achieved a revenue of 21.5111 million yuan, a year-on-year increase of 12.35%; The net profit was -10477600 yuan, a further increase from the loss of -1671500 yuan in the previous year.

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