The Group Company Holds Its 20th Shareholders’ Meeting
Release Date:
2024-07-02
On June 8, the Group’s 20th General Meeting of Shareholders was held in the Headquarters Conference Hall, with a total of 40 registered shareholders in attendance. The meeting was chaired by Zhang Xiangyang, Chairman of the Group.
Chairman Zhang Xiangyang delivered the 2023 Board of Directors Work Report to the assembly. In his report, he noted that the Party Committee of the Group, the Board of Directors, and the General Manager’s Office have united and led all cadres and employees in firmly prioritizing high-quality development as the primary task, maintaining unwavering confidence, rising to challenges, assuming responsibility with courage, and turning crises into opportunities for survival. By leveraging the certainty of our own work to counter the uncertainty of the changing environment, we have effectively advanced the achievement of all objectives and tasks, withstood numerous pressures and tests, and maintained a steady momentum of development. Throughout the year, all economic targets were fully met; new breakthroughs were made in market expansion; new results were achieved in management improvement; further progress was made in preventing and resolving major operational risks; new successes were attained in talent development; and new achievements were recorded in using Party building to lead high-quality development.
In his report, Chairman Zhang Xiangyang reviewed the Board’s performance over the past year. In 2023, the Company’s Board of Directors conscientiously fulfilled its duties as prescribed by the Company Law, the Articles of Association, and other applicable laws and regulations; rigorously implemented resolutions passed at the Shareholders’ Meeting; and completed the drafting and revision of the Articles of Association of Nantong Construction Engineering Group Co., Ltd. and the Measures for the Administration of Entrusted Capital Contributions of Nantong Construction Engineering Group Co., Ltd. During the reporting period, the Board convened a total of 12 meetings to deliberate and make decisions on major matters related to the Company’s operations and management. All directors demonstrated a strong sense of responsibility and diligence, contributing significantly and effectively to the Board’s scientific decision-making and standardized operations.
In his report, Chairman Zhang Xiangyang outlined the Group’s key economic and technical targets and work tasks for 2024 and provided a comprehensive plan for this year’s priority initiatives: first, vigorously expand markets and steadfastly stabilize operations; second, adopt multiple measures to strengthen prevention and control and build a robust safety firewall; third, consistently enhance management to boost value creation; fourth, refine the governance system to improve efficiency through clearer delineation of powers and responsibilities; fifth, foster new drivers of productivity to accumulate fresh momentum for development; sixth, develop a talent-driven engine to invigorate the workforce; and seventh, leverage Party building to guide development and unite hearts and minds in writing a new chapter.
Shao Jinman, Chairman of the Supervisory Board, delivered the 2023 Annual Report on the Work of the Supervisory Board, while Xu Chunyang, Chief Financial Officer, presented the 2023 Financial Final Accounts and the 2024 Financial Budget Report.
By a show-of-hands vote, the General Meeting reviewed and approved the “2023 Board of Directors Work Report,” the “2023 Supervisory Board Work Report,” the “2023 Financial Closing Report and 2024 Financial Budget Report,” the “2023 Profit Distribution Proposal Report,” the “Proposal on the Equity Transfer Price for 2024,” the “2024 Business Plan,” and the “Resolutions of the 20th Shareholders’ Meeting.”
(General Manager’s Office, Qian Yanjiao)
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