Hangzhou Great Star Industrial Co., Ltd.
2020 FullAnnual Report
2021-035
April 2021
Greatstar Hangzhou headquarter
LISTA Allen industry, Switzerland
Shop vac Williamsport Building, USA
Section 1 Important Notes, Contents and Definitions
The Board of Directors, Supervisory Committees and directors, supervisors and senior management
of the Company hereby guarantee that no false or misleading statement or major omission was made
to the materials in this report and that they will assume all the responsibility, individually and jointly,
for the authenticity, accuracy and completeness of the contents of the annual report.
Qiu Jianping, the head of the Company, Ni Shuyi, the head of accounting work, and Ni Shuyi, the
head of accounting body (accountant in charge), guarantee the authenticity, accuracy and
completeness of the financial report in the annual report.
All the directors attended the board meeting during which they reviewed this report.
This annual report involves forward-looking statements such as future plans, which do not constitute
the Company's substantial commitment to investors. Investors and relevant parties should be aware
of the associated risks and understand the differences between plans, forecasts and commitments.
In this annual report, "Section 4 Discussion and Analysis on Business Conditions ", Part IX "
Prospects of the Company " describes in detail the risks that the Company may face in the future.
Investors are invited to pay attention to relevant contents and investment risks.
The Company has no plans to distribute cash dividends, bonus shares, and convert capital reserve
into share capital.
Contents
Section 1 Important Notes, Contents and Definitions ...... 3
Section 2 Company Profile and Main Financial Indicators ...... 6
Section 3 Business Summary ...... 11
Section 4 Discussion and Analysis on Business Conditions ...... 18
Section 5 Significant Events ...... 47
Section 6 Changes in Shares and Shareholders ...... ...... 67
Section 7 Preferred Shares ...... 75
Section 8 Convertible Bonds ...... 76
Section 9 Directors, Supervisors, Senior Management and Employees ...... ...... 79
Section 10 Corporate Governance ...... 93
Section 11 Corporate Bonds ......103
Section 12: Financial Report ......104
Section 13: Reference file directory ...... 301
Definitions
Terms Refers to Definition
Reporting period Refers to January 1, 2020 - December 31, 2020
the Company, listed company, GreatStar company, Refers to Hangzhou Great Star Industrial Co., Ltd.
GreatStar
Sheffield Tools Refers to Hangzhou GreatStar Sheffield Tools .Co., Ltd
Sheffield trading Refers to Hangzhou GreatStar Sheffield Trading Co.,
Ltd.
Guozi Robotics Refers to Zhejiang Guozi Robotics Co., Ltd.
Arrow Company Refers to Arrow Fastener Co., LLC
Refers to Changzhou Huada Kejie Opto-Electro
Huada Kejie Instrument Co., Ltd.
OLE-SYSTEMS Refers to Hangzhou OLE-SYSTEMS CO., LTD Co., Ltd.
DONGHAI BANK Refers to Ningbo Donghai Bank Co., Ltd.
Hangzhou Weiming Investment Management
Weiming Investment Refers to Co., Ltd.
PT Company Refers to Prim' Tools Limited
GreatStar Group Refers to Greatstar Holding Group. Ltd.
Lista Company Refers to Lista HoldingAG
Prime-Line Company Refers to Prime-Line Products, LLC
United Machinery Refers to Hangzhou United Machinery Co., Ltd.
Haining GreatStar Intelligent Equipment Co.,
Haining Intelligent Company Refers to Ltd.
Zhongce Haichao Refers to Hangzhou Zhongce Haichao Enterprise
Management Co., Ltd.
Hangcha Group Refers to Hangcha Group Co., Ltd.,
Refers to Hangzhou Haichao Enterprise Management
Hangzhou Haichao Partnership (limited Partnersh