incorporated in the People’s Republic of China with limited liability)Management Entrustment Agreement • March 23rd, 2013
Contract Type FiledMarch 23rd, 2013The Board hereby announce that, on 23 March 2013, Harbin Electric Company Limited (the ‘‘Company’’) entered into the Management Entrustment Agreement with Harbin Electric Corporation (‘‘Harbin Electric’’), pursuant to which, the Company will provide management services to Harbin Electric, including but not limited to administration management, human resources and compensation management (including external affairs management), technology and quality control, assets and financial management, integrated organization management, statistic and economic operations management, auditing and internal control management, investments management, strategic developments management, legal affairs management, communications management, marketing management, projects management, production safety management, procedure monitoring management, political affairs and other affairs management. Harbin Electric will pay management entrustment fee to the Company.