On April 25, 2019, the second board of directors of Zhihu Company was held as scheduled in the conference room of the newly renovated office building. Representatives of shareholders, directors, supervisors, and management of Zhihu Company from China Railway Shanghai Bureau Group and Zhiqi Company attended or attended the meeting as nonvoting delegates.

As a successful model of capital cooperation in Zhiqi's overhaul business and a benchmark enterprise cultivated and nurtured by shareholders, Zhihu has many unique development advantages. It not only occupies the wheel-to-wheel maintenance market of the largest road bureau in China, and has obtained the most mature maintenance technology license in China, but also the shareholders of both sides have given all-round support and help in infrastructure, plant, equipment, talents, technology, management, capital and so on.

The management and all employees of Zhihu Company also lived up to expectations and completed the preparation of 47 system documents, 107 management systems and 174 production operation instructions in the shortest possible time. A large amount of preparatory work has been completed before the system certification and maintenance qualification is obtained. The first phase of information systems including EPR, OA and HR has been put on line, realizing information support for basic business operations; completed the programming of personnel management and risk management, and completed the development of business forecasts, investment planning and business objectives for 2019-2020.

On the basis of listening to and deliberating the above-mentioned report of the management of Zhihu, the meeting further improved the company's governance, clarified the rules of procedure of the shareholders' meeting and the board of directors, passed the performance appraisal and incentive mechanism of the management, and appointed the deputy general manager of Zhihu company.

The convening of this meeting not only laid the foundation and pointed out the direction for the subsequent healthy and rapid development of Zhihu Company, but also established rules and accumulated experience for Zhiqi Company in terms of subsidiary governance and management and control, and played a role in standard setting and proofing. It is a milestone in Zhiqi Company's business development and its own capacity building, and Zhiqi Company's road to group development is more stable.