On Mar. 7th, 2018, Xindacang Group Co., Ltd. (the "Group") held its first Workers' Congress, and formally set up its Labor Union Organization. The Congress first adopted its “Electoral Measures for Workers' Congress” and the list of candidates, scrutinizers, and tellers were also passed by vote. A total of 10 members of the Labor Union Committee, Fund Inspection Committee and Female Staff Committee were elected by secret ballot. In addition, the Basic Constitution of the Group’s Workers' Congress was also adopted at the Congress and formally put into implementation.