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In November 1996, People Electric Zhejiang Branch was established.
                                                                                                                                                                      In June 1997, People Electric became a large cross-regional group.

                                                                                                                                                                      In November 1998, People Electric carried out shareholding reform of more than 60
                                                                                                                                                                      subordinate enterprises, and established seven major holding subsidiaries.
                                                                                                                                                                      In April 1999, People Electric officially formally built its High-Tech Industrial Park,
                                                                                                                                                                      which covers an area of 75 mu.
                                                                                                                                                                      In November 1999, leaders of People Electric went to Shanghai for investigation and
                                                                                                                                                                      established a subsidiary there in January 2000.
                                                                                                                                                                      In May 2000, People Electric was awarded the title of Zhejiang Provincial High-tech
                                                                                                                                                                      Enterprise.

                                                                                                                                                                      In  June  2001,  People  Electric  successfully  merged  with  Jiangxi  Transformer
                                                                                                                                                                      Equipment General Factory, the second largest state-owned enterprise in the domestic
                                                                                                                                                                      power transmission and transformation equipment industry, and realized its expansion
                                                                                                                                                                      into the power transmission and transformation equipment industry.

                                                                                                                                                                      In August 2002, People Electric ranked 11th on the list of China's Top 500 Private
                                                                                                                                                                      Enterprises  released  by  the  the All-China  Federation  of  Industry  and  Commerce  in
                                                                                                                                                                      2001.

                                                                                                                                                                      In January 2003, the People Electric Committee of the Communist Party of China was
                                                                                                                                                                      established.
                                                                                                                                                                      In  August  2003,  People  Electric  ranked  228th  on  the  list  of  China's  Top  500
                                                                                                                                                                      Enterprises released in 2003.
                                                                                                                                                                      In April 2004, People Electric Hebei Xingang International Logistics Co., Ltd. was
                                                                                                                                                                      officially listed, which covers an area of 1,277 mu with a total investment of 5 billion
                                                                                                                                                                      yuan.
                                                                                                                                                                      In June 2004, the World Brand Congress 2004 and China's 500 Most Valuable Brands
                                                                                                                                                                      Conference was held in Beijing, and People Electric was ranked 185th on the list with
                                                                                                                                                                      a brand value of 3.239 billion yuan.
                                                                                                                                                                      In July 2004, People Electric ranked 32nd on China's Top 500 Machinery Enterprises
                                                                                                                                                                      List released in 2003.

                                                                                                                                                                      In October 2004, People Electric became one of the first batch of enterprises that was
                                                                                                                                                                      awarded the title of China's Outstanding Private Enterprises.
                                                                                                                                                                      In January 2005, People Electric invested 800 million yuan to set up a high-voltage
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