The company is a joint-stock company established by Sichuan Kexin Mechanical and Electrical Equipment Co., Ltd. through an overall change.
The company’s predecessor, Kexin Co., Ltd., was established on March 11, 1997. On September 9, 2008, Kexin Co., Ltd. held a shareholders' meeting and decided to convert the audited net assets as of September 30, 2008 into shares and change Kexin Co., Ltd. as a whole into Sichuan Kexin Mechanical and Electrical Co., Ltd. On October 19, 2008, all 29 shareholders of Kexin Co., Ltd. signed the "Sponsor Agreement". Verified by the Junhe Yanzi (2008) No. 2018 Capital Verification Report issued by Sichuan Junhe Accounting Firm on October 20, 2008, Kexin Co., Ltd. has been verified by Sichuan Junhe Accounting Firm Junhe Yanzi (2008) No. 2198 The net assets of RMB 85,910,699.57 as of September 30, 2008 approved by the "Audit Report" were converted into the company's equity capital of RMB 68,000,000 at a ratio of 1.2633:1, and the balance of RMB 17,910,699.57 was transferred to Capital reserve. On October 20, 2008, all the founders of Kexin Electromechanical held a founding meeting and passed the "Proposal on the Establishment of Sichuan Kexin Electromechanical Co., Ltd.". On October 23, 2008, the company completed the industrial and commercial change registration and obtained the "Enterprise Legal Person Business License" issued by the Deyang Municipal Administration for Industry and Commerce in Sichuan Province.