Ye Chao Electric and Jiangsu Bank plan to initiate financial cooperation

As the businesses under Yechao Electric's various divisions continue to thrive, the company naturally generates corresponding demands in overall financial operations. Recently, Mr. Rao Hongye, the head of Shanghai Jiangsu Bank Nanhui Branch, and his delegation visited Yechao Company for a friendly discussion with senior executives on financial cooperation matters.

As the only Chinese representative of the East Asia Regional Council of the United Nations Environment Programme Financial Initiative (UNEP FI), Jiangsu Bank's financial strength and industry reputation are beyond doubt.

In the 2025 Global Top 1000 Banks list, Jiangsu Bank ranks 56th in terms of Tier 1 capital and 16th among Chinese banks, achieving an A rating. Moreover, its business policies have always tended to provide assistance and support for the development financing of small and micro enterprises, as well as the development of specialized enterprises such as new energy and high-tech. Through the triple control process of "risk control system iteration," "capital supplementation," and "mechanism optimization," it has provided sustainable financial guarantees for various types of enterprise service entities.

Through this negotiation, we sincerely hope that with the full support of Jiangsu Bank, FAW Electric can overcome all obstacles in its career! Especially in the research and development of new energy conversion technology and related domestic and international market expansion, greater achievements can be made.