Zhejiang Steel Structure—The 2011 Annual Board of Directors Meeting Convened Successfully
Release Date:
2012-04-17 17:37
On the morning of April 15, the 2011 Board of Directors meeting of Zhejiang Yuegong Steel Structure Co., Ltd. was successfully held in Shaoxing, Zhejiang. Attendees included Japanese directors Masahiko Watanabe, Kazuaki Takagi, Saburo Katsuyama, and Tsunao Yagi; Chinese directors Chen Bailiang, Ruan Zhongsheng, Luo Yinchang, and Jin Fei; Chief Financial Officer Tang Genmei; Japanese-language interpreter Wang Zhongyou; Office Director Liu Jianfeng; and other members. The meeting was chaired by Chairman Chen Bailiang.
The meeting heard presentations by Chairman Chen Bailiang on the “2011 Annual Work Summary and 2012 Work Plan,” by Chief Financial Officer Tang Genmei on the “2011 Financial Report,” and by Chairman Chen Bailiang on the “2011 Dividend Distribution Plan,” among other items. The attending directors unanimously approved all of the reports.
In his work report, Chen Bailiang pointed out that high capital costs and elevated labor expenses were the most pressing challenges faced in 2011. Nevertheless, thanks to the concerted efforts of all employees, the company achieved steady growth, laying a solid foundation for further expansion in the years ahead. He expressed confidence that, in 2012, with the strong support of the Japanese board members and the dedicated collaboration of all Chinese staff, the company would undoubtedly deliver outstanding results.
At the meeting, Mr. Masahiko Watanabe, representing the Japanese board members, delivered a speech in which he expressed his gratitude to all Chinese employees, particularly the Chinese directors, for their dedicated efforts. He also shared several advanced Japanese production‑management principles for the Chinese side’s consideration, expressing his hope that cooperation between the two sides will continue to strengthen and that the company will grow ever larger.
Finally, the two sides held consultations on the Japanese side’s equity stake.
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