On February 15, the First Regular Meeting of the First Board of Sinochem Group in 2019 was held in Beijing. The Meeting was presided over by Mr. Frank Ning, Chairman of Sinochem Group. External Directors Mr. Ma Chuanjing, Mr. Wang Junfeng, Ms. Li Jinfeng, Mr. Wei Weifeng and Staff Director Mr. Zhu Yongliang were present. Mr. Zhang Baohong, Secretary of the Board of Sinochem Group, attended the meeting with heads of such departments as the CPC Committee, the Discipline Inspection and Supervision Group, and the State-owned Assets Supervision and Administration Commission.
At the Meeting, five proposals of Sinochem Group were approved, including the operating budget for 2019, the investment plan for 2019, the financing plan and the trading financial assets investment plan for 2019, the continued appointment and audit fees of external auditors in 2018, and the appointment and removal of some senior executives.
Participating directors believed that in 2018, through conscientious implementation of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era and the spirit of the 19th CPC National Congress, Sinochem Group, guided by the concept of “In Science We Trust”, actively promoted a new round of reform and transformation, with industrial foundation consolidated and industrial competitiveness improved. The Group’s business performance maintained rapid growth and once again hit a record high. The duties and missions granted by the Party and the government were properly fulfilled. In 2019, by further implementing the central government’s decisions and arrangements for the reform and development of SOEs, Sinochem Group will make efforts in business management and strategic advancement towards the goal of becoming a technology-driven innovative enterprise and strive to celebrate the 70th anniversary of the founding of the People’s Republic of China with outstanding achievements.