On February 3rd, the company held a shareholders' meeting, and the chairman of the company, Cheng Lu, delivered a work report on behalf of the board of directors to the shareholders' meeting. The report is divided into three parts. Firstly, it reviews the overall operation of production and operation in 2017. Secondly, it reports the operational assessment data of production, technology, quality, maintenance, and management in 2017. Thirdly, it proposes the work plan for 2018.

The report particularly emphasizes that the company achieved two major events in 2017; The sales contract amount has exceeded 100 million yuan and the new factory construction has been completed and officially put into operation.

The report provides a detailed analysis of the work in sales, production, technology, maintenance and operation, quality, information construction, and assessment management in 2017 based on actual data. It fully recognizes the achievements made and proposes solutions to the existing problems.

The report proposes that the focus of the 2018 work plan is to closely carry out various tasks around the company's three-year strategic development plan goals, and to ensure a 35% increase in sales contracts in terms of sales; In terms of technology, we need to improve the series of four major products, namely F100, triple eccentric butterfly valve, O-ball valve, and low-temperature O-ball valve, and achieve modular production; In terms of information construction, it is necessary to establish a complete operational process system and fully integrate the ERP implementation application process, and to achieve intelligent upgrading of selection software; We need to establish a logistics warning system in production to gradually solve the problem of delayed delivery times; In terms of quality, it is necessary to strengthen the education of standardized operation ideology, pay close attention to details, and strictly control them; In terms of training, it is necessary to improve the employee promotion channel system that combines training effectiveness with training evaluation; In terms of assessment management, especially in the management of cadre assessment, it is necessary to establish a salary assessment system centered on the degree of work responsibility undertaken; We need to improve the assessment and reward and punishment regulations, and enhance the management level of execution and work efficiency.

The shareholders' meeting voted to approve the work report made by the company's chairman Cheng Lu on behalf of the board of directors to the shareholders' meeting, and voted to approve the company's board resolution.

The shareholders' meeting ended with warm congratulations and applause from all shareholders.