Along national “the Belt and Road” strategy, Kaifa branches a new subsidiary called “Kaifa Chengdu” that focuses on overseas electricity meters research and development and manufacture which is closer to customers and more convenient for shipment to clients in the Middle East and Europe through the Silk Road.                                                                                                      Opening CeremonyThe eighth production base of Kaifa was opened in Chengdu, MSBU (Meteing System Business Unit) moved to Chengdu and established a holding subsidiary-----Shenzhen Kaifa Technology (Chengdu) Co., Ltd, ESOP would be carried out.                                                                                         Kaifa signed investment cooperation agreement with Chengdu high-tech zone to build research and development production base that develops smart grid system software research and development, big data research and development and related products manufacturing operations. Products mainly exported to Europe and global markets and capacity of electricity meters per day surpassed 10 thousand in the initial stage.                                                                                                    Chengdu WorkshopKaifa firstly started ESOP (employee stock-ownership plan) in Kaifa Chengdu. Chen Zhujiang, Vice-President of Kaifa, addressed “it is a trial for Kaifa to explore enterprise reform and is advantageous for making smart meters business bigger and stronger, improving corporate salary incentive mechanism and fully mobilizing staff.”                                                                                       The leader in Chengdu mentioned at the opening ceremony, Chengdu is taking effective measures to improve logistics convenience for local enterprises shipping to Europe and Central Asia, which provides wider space and opportunities for Kaifa development in Chengdu.                                                                                                 Philip Cheng Delivers a SpeechPhilip Cheng, President of Kaifa, hoped that Kaifa exploits broader overseas market and increases brand influence at a wider scale, more extensive range and higher level and “cooperation good partner” international reputation.