In the new phase of high-quality capital market development, the board secretary stands as the vital bridge connecting enterprises with investors, serving as both the architect of capital brands and the guardian of market trust. Recently, the 12th Golden Unicorn Awards ceremony unveiled its list of distinguished board secretaries, with Far East Smarter Energy Co.,Ltd. (SSE: 600869) board secretary Wan Jun earning the honor for the second consecutive year.

The interview series continues as Wan Jun sits down to offer an in-depth look into the company's operations, strategy, and vision for the future.

Company Overview and Strategic Positioning

Founded in 1985, Far East Smarter Energy Co.,Ltd. has spent over four decades in manufacturing, concentrating on three core business pillars: intelligent cable networks and electrical energy, smart battery storage and computing-power AI, and smart airport solutions. The company positions itself as a global smart energy and digital-city service provider, steadfastly adhering to its main business while avoiding speculative diversification.

Guided by national strategies for technological advancement and digital transformation, the company embraces an "ALL IN electricity + computing + AI" philosophy. This approach integrates three major industries to drive comprehensive supply-chain upgrades, deepen core competencies, and expand global reach. In the intelligent cable and electrical energy segment, the company focuses on R&D, manufacturing, delivery, and integrated system services for specialty cables used in new energy, next-generation power systems, high-end transportation, marine engineering, and advanced manufacturing, covering applications from wind and solar to nuclear power, EV charging infrastructure, rail transit, and industrial automation.

In the smart battery storage and computing AI domain, the company develops cylindrical cells, energy storage cells, modules, packs, storage systems, and copper/aluminum foils, offering multi-scenario energy solutions. It also deploys high-speed interconnect, thermal management, and power transmission products for AI data centers (AIDC), robotics, and smart vehicles, while building a complete optical fiber supply chain from preform to cable. The smart airport division leverages opportunities in military-civilian aviation digitalization and low-altitude economy growth, delivering turnkey intelligent solutions across airport operations.

Supported by more than four decades of industrial experience and supply-chain synergies, the company maintains a solid operational foundation with strong growth momentum. In 2025, computing-power AI-related revenue surged 76.50% year-on-year, with momentum continuing into the first quarter of 2026, creating a high-quality dual-engine model where the traditional business anchors stability and the new AI segment drives incremental growth.

The Board Secretary's Role and Experience

Wan Jun describes the board secretary as the critical hub connecting internal governance, capital markets, investors, regulators, and the public. This role encompasses compliance and risk control, information disclosure, investor relations, capital strategy, and brand management. Internally, the duty is to uphold regulatory standards and ensure transparent, accurate, and timely disclosure; externally, the focus is on conveying the company's industrial layout, long-term strategy, and growth narrative to the market while sustaining its reputation and brand image.

Having spent years in finance and board secretary functions, Wan Jun has participated in the full spectrum of corporate governance, including board meetings, routine disclosure, investor communications, capital-raising activities, and strategic external communication. Through the company's evolution from industrial manufacturing to computing-power and digital infrastructure, he has maintained close engagement with capital markets, developing expertise in compliance, investor relations, capital coordination, and integrated management.

Top-Level Strategic Layout for Industry Leadership

Far East Smarter Energy Co.,Ltd. aligns its strategy with new productive forces, computing-electricity synergy, and AI computing industry trends, driving the traditional power cable business toward a "power + computing + AI" convergence. The company has laid out six core technology and product foundations to capture next-generation opportunities, transforming from a single equipment manufacturer into a comprehensive AIDC solution provider.

At the strategic level, the company anchors on the "electricity + computing + AI" mainline, operating on the logic that "the end of AI is computing power, and the end of computing power is electricity." This positions the company to serve the entire AIDC chain, addressing the three core pain points of power, heat, and interconnectivity while aligning with national "computing-electricity synergy" policy.

The six core technology areas are as follows. First, energy transmission: the company maintains a dominant position in ultra-high voltage, nuclear power, wind power, and super-hydraulic engineering, building formidable technical barriers. Second, liquid cooling systems: the company has moved early into next-generation thermal management with an integrated solution combining bionic manifold microchannel cold plates and liquid metal TIM composite materials. This system meets GPU thermal demands exceeding 2000W, offering low energy consumption and superior temperature uniformity. The dual-new liquid cold plate can reduce temperatures by over 40°C at 2300W loads compared to traditional cooling, supporting Hopper/Blackwell platform customization for various AI data centers. The rack-mounted liquid-to-liquid CDU features a standard 4U form factor with redundant dual pumps and leak detection for reliable cold-loop operation. The business has expanded from single products to complete thermal management solutions, including rack and cabinet CDUs, CPU/GPU liquid cooling modules, liquid metal TIMs, and integrated memory/CPU cooling modules, addressing industry fragmentation and compatibility challenges. The company is accelerating partnerships with leading domestic and international chip makers, global tech companies, and communication technology providers.

Third, all-optical interconnect: the company is intensifying investment in the full optical fiber chain, expanding production of G.657.A2, OM4/OM5, hollow-core fiber, polarization-maintaining fiber, and MPO/MTP pre-terminated jumpers to capitalize on the global fiber boom and support GPU direct-connect and high-bandwidth, low-latency DCI transmission. Plans call for annual capacity of 800 tons of optical preform with supporting fiber products this year, growing to 2,100 tons by 2027, with all environmental, energy, and safety approvals completed. Data center shipments already account for 80% of output, with long-term agreements signed with Aginode (formerly Nexans Communications) for AIDC fiber and Zhishang Technology for AIDC optical components. Products have passed technical validation by global top-tier CSP customers, with ongoing service to cloud providers, communication infrastructure firms, and global optical interconnect companies.

Fourth, high-speed interconnect and testing: the company is pioneering PCIe 6.0/7.0 next-generation high-speed interconnect standards with dedicated testing equipment based on time-domain reflectometry to precisely measure impedance and faults in cables and components. Testing equipment has already been delivered to a leading global AI chip company for performance validation of its next-generation products. Fifth, HVLP copper foil: the company is accelerating the industrialization of HVLP high-speed PCB copper foil. Sixth, BBU energy storage batteries: for AIDC computing centers, the company launched the PowerBrick-DC51260 high-rate lithium battery backup system featuring modular architecture, up to 184kW discharge power per cabinet, and support for up to eight cabinets in parallel, delivering 5-30 minutes of high-power backup. The system switches in milliseconds, incorporates intelligent warning and cloud monitoring, and offers advantages in reliability, maintenance cost, and space utilization over traditional solutions. Additionally, the 21700-5000mAh full-tab cylindrical cell is tailored for BBU scenarios with dual safety protections, ultra-low internal resistance of 3.5mΩ, 60A continuous high-rate discharge, wide-temperature operation from -40°C to 80°C, and 1,000 cycle life, extending equipment lifespan to 5-10 years.

Capital Market Value Creation and ESG Integration

From a capital market perspective, Wan Jun identifies four ways high-quality development enhances valuation and investor perception. First, improved risk pricing: as operations, risk control, and governance strengthen, risk premiums decline, solidifying the valuation floor and stabilizing share price volatility. Second, dual growth in earnings and valuation: improved profitability and capital returns, combined with new growth tracks, drive both performance and valuation upward. Third, valuation system restructuring: business and technology upgrades shift to high-prosperity sector valuation logic, capturing a technology attribute premium. Fourth, enhanced investor perception and liquidity: clear growth narratives boost market confidence, attract capital inflows, and improve liquidity, creating a positive feedback loop.

On ESG, Wan Jun notes that it has become a core measure of corporate value. In relation to valuation, strong ESG practices reduce operational and compliance risks, lower risk premiums, and minimize valuation discounts while improving financing costs and earnings quality to capture sustainability premiums. For institutional investment, ESG performance now serves as a key screening criterion, attracting long-term capital such as insurance and pension funds, which enhances liquidity and holding stability. For long-term development, ESG practices drive green transformation and standardized governance, align with overseas rules and market requirements, strengthen brand and supply-chain advantages, and enhance cross-cycle operational resilience.

As Far East Smarter Energy Co.,Ltd. continues its transformation toward an AI-driven future, the company's strategic focus on integrating electricity, computing power, and AI positions it to capitalize on the rapidly evolving technology landscape while maintaining the stability of its traditional business foundation.