Zhejiang Yuegong Steel Structure Co., Ltd. convened its 2010 Annual Board of Directors Meeting.

Release Date:

2011-06-22 17:37

On the morning of June 2, the 2010 Board of Directors meeting of Zhejiang Yuegong Steel Structure Co., Ltd. was held in the first-floor conference room of the New Machinery Factory. The Japanese directors in attendance were Masahiko Watanabe, Kazuaki Takagi, Saburo Katsuya, and Tsunao Yagi; the Chinese directors were Chen Bailiang, Ruan Zhongsheng, Luo Yinchang, Jin Fei, and Tang Genmei. Also present were the company’s general manager, Hu Zhichang, Japanese-language interpreter Wang Zhongyou, and secretary of the minutes, Liu Jianfeng, among others. The meeting was chaired by Chairman Chen Bailiang.

The meeting heard and approved the “2010 Work Report and 2011 Work Plan” presented by General Manager Hu Zhichang, the “2010 Financial Report” delivered by Chief Financial Officer Tang Genmei, and the “2010 Dividend Distribution Plan” proposed by Chairman Chen Bailiang.

The Japanese directors expressed their gratitude for the hard work of the Chinese directors and the general manager, and put forward several valuable suggestions, such as enhancing the overall competence of skilled workers, organizing more technical competitions to tap employees’ potential, and elevating their skill levels.

Finally, Chairman Chen Bailiang delivered a concluding address, noting that the current social landscape is being tested by “three shortages” and “two rising costs.” The so‑called “three shortages” are: first, a shortage of labor, particularly skilled workers; second, a shortage of capital, with credit conditions tightening; and third, an electricity shortage, as Zhejiang this year has faced its most severe power crisis on record. The “two rising costs” refer to: first, steadily increasing labor wages; and second, ever‑higher financing costs. To overcome these challenges, Yuegong Steel Structure must achieve breakthroughs in market expansion, product upgrading, and refined management.

Meeting photos