Seventeenth 86th 2018 issuance examination committee meeting reviewed the 2018 results announcement 86th meeting of the issuance examination committee of China Securities Regulatory Commission issued the Audit Committee held its seventeenth session on June 12, 2018, the meeting will now review announced as follows: First, review the results of the linear drive Zhejiang Jie Chang Technology Co., Ltd. (starter) is passed。  Second, the main question to ask questions of the issuance examination committee meeting 1, issuers reporting period, sales in North America grew rapidly。Early development of the issuer of the North American market is mainly based on the company's escrow Pacific Business。Please explain on behalf of the issuer: (1) Background to cooperate with peace of intermediary service providers, the role of intermediary service providers and benefits; (2) Halcyon business scope, operating conditions; (3) the escrow company peace agreement the validity of the possibility of the future continue to cooperate with the peace; the relationship (4) Pacific company and the issuer of overseas sales team, strategic arrangements for future sales model of the issuer; (5) overseas sales compliance and sustainability; ( 6) the impact of recent changes in US trade policy and other places on the issuer's business, whether full disclosure of the risks associated with。Please sponsor representatives and issued the opinion。  2, the issuer some vendors set up not long, a higher proportion of the issuer to its procurement value of its total sales。Please issuer on behalf of instructions and the relevant supplier whether there is the formation of associations, sourcing relationships, operating results of relevant suppliers, purchase price is fair, trading, clearing conditions with other suppliers relatively reasonable, the suppliers if there is cost-sharing for issuers, expense or other benefits transfer case。Please sponsor representatives and issued the opinion。  3, please explain on behalf of the issuer: (1) the issuer on the part of major customers accounted for the amount of sales price situation reasons for the higher proportion of customer purchases of similar products and rationality, the relevant customer end products, customer operational performance, the issuer its sales to other customers and sales trading, clearing conditions are the same; (2) the issuer learning tables and chairs of the average selling price is lower than the specific reasons for the smart home control system products, the application of the issuer's product range of end-product prices the issuer products in the proportion of the price of the end product, whether or not there is an application of the issuer's product end-product prices lower than the price of the issuer。Please sponsor representatives and issued the opinion。  4, there is the issuer information management plan shareholders, shareholder trust schemes and contract-based private equity fund products of shareholders (hereinafter referred to as "three shareholders") in the original ownership structure。Please indicate whether the issuer on behalf of existing shareholders to comply with the relevant regulatory requirements。Please sponsor representative description of the three shareholders penetration verification and disclosure of, and made clear verification opinion。  Offering Supervision Department of the seventeenth 87th 2018 issuance examination committee meeting reviewed the results announcement June 12, 2018 China Securities Regulatory Commission issued the Audit Committee Seventeenth 2018 87th issuance examination committee meeting in 2018 6 May 12, 2011 meeting, the meeting reviewed the situation now announced as follows: First, the audit results Yupont Beijing electric power technology Co., Ltd. (starter) did not pass。  Second, the main question to ask questions of the issuance examination committee meeting 1, each of the reporting period, the issuer's intelligent electricity is low wool products, wool overall solution development and high technology solutions and services business periods。Please explain on behalf of the issuer: (1) higher overall solution programs and technology development and services gross margin for the reason and rationality; (2) the overall market capacity and sustainability of the program to solve and technology development and services business。Please sponsor representatives and issued the opinion。  2. In the report period, the issuer shall accounts receivable and inventory carrying large balances。Please explain on behalf of the issuer: (1) whether there is a case to relax credit policy for revenue recognition, provision for bad debts in accordance with standard care whether adequate, whether there are significant differences compared with the comparable listed companies in the same industry; (2) the inventory book balance than the big reason, after the issue of commodity revenue recognition, the adequacy of inventory impairment provision。Please sponsor representatives and issued the opinion。  3, mainly through participation in the issuer's State Grid, China Southern Power Grid and its affiliated provincial network companies, other power sector companies open tender for sale。Please explain on behalf of the issuer: Issuer (1) during the reporting period to obtain the customer's bidding and other procedures related to the legality of compliance, whether involving commercial bribery and other illegal situation, whether there are circumstances should fulfill the bidding process but not fulfilled; ( 2) North China electric power Industry & Trade materials Corporation is the holding company of the issuer 7.47% of the shares of the Company unit in charge of holiness, faith and 100% controlling shareholder, background issuer bid during the reporting period to pay service charges to the power supplies, the reason, necessity, reasonableness, fair bidding service fee pricing, whether related to business bribe。Please sponsor representatives and issued the opinion。  4, there are 18 issuers in the history of the equity transfer, which in December 2004 Schindler limited mechanical transfer a 10% stake it holds Yupont to the forest pure and January 2013, Nortel metering, electricity, respectively, to hold Tangshan there Yupont limited 3.24% equity transfer to the High King Fergus。Please explain on behalf of the issuer: (1) whether the above-mentioned previous equity transfer real and effective, with or without a legal dispute; (2) Schindler machinery, Nortel metering, electricity Tangshan respectively Yupont limited its holdings of equity transfer, whether involving collective assets, with or without fulfilling the legal procedure; (3) associated with the equity transfer payment of tax, tax risk and its impact on the issuer exists。Please sponsor representatives and issued the opinion。  5, the main production and business establishments issuer to obtain lease, rental housing a total construction area of about 27,000 square meters, part of rental housing contract invalid risks exist。Please state the drawbacks of the issuer on behalf of rental housing is for the main business, rental housing production and the effects of operations and responses to the issuer。Please sponsor representatives and issued the opinion。  Supervision Department issued June 12, 2018