China Electronics Corporation (referred to as "CEC") was established in May 1989. CEC deeply implements the "1355" development strategy, and focuses on core businesses such as integrated circuits, advanced computing, cyber and information industry, and manufacturing services. CEC carries out actions including business improvement, key technology and product breakthroughs, core capability building, and talent team enhancement, to accelerate the construction of a new CEC with a new strategic mission, new industrial structure, and new governance model. At present, CEC has 16 listed holding companies, and it has been selected as one of the Fortune Global 500 for 15 consecutive years.