——Hangwan company held five second board meeting

On March 17, 2016, the second board meeting of the fifth session of Hangzhou Wandong Electronics Co., Ltd. was held as scheduled in Hangzhou by a live vote.The meeting was presided over by Li Guiwen, chairman of the board of directors of the company, members of the board of supervisors, and senior management personnel attended the meeting.

At the meeting, tian Feng, general manager of the company, reviewed and approved the report entitled "Promoting development based on reform, Strengthening management and Increasing Benefits" -- 2015 summary and 2016 business objectives and ideas of Hangwan Company.The meeting fully affirmed that the company faced with great downward economic pressure, obvious pains of structural adjustment, numerous production and operation difficulties and first loss in 2015, all the staff worked together to overcome difficulties, and ensured the normal operation of production and operation throughout the year and the achievement of safe production without accidents.The company's operation policy and assessment indicators in 2016 were clarified.The meeting listened to the analysis report of 2015 annual financial situation, deliberated and approved the 2015 annual financial final account report, profit distribution plan, the company's 2016 annual financial budget report and 2016 new product development investment report.

After taking office, the new leadership has unified the thoughts and the common values of the company. It has held special meetings on marketing, technical quality, and improving the system of responsibility assessment to study and implement various measures to reduce and turn around losses, which have achieved remarkable results.In the face of the competitive pressure at home and abroad and the company's business difficulties in 2015, Chairman Li Guiwen gave full affirmation to the various countermeasures taken by the new leadership team after taking office, and put forward requirements for the work in 2016.Zhang stone directors on behalf of shareholders enterprise introduced the groundbreaking achievements after the enterprise restructuring, to hangzhou company facing the present situation of the problems we face at home and abroad, put forward must present, based on reform, seize the opportunity to change management ideas, change traditional thinking, from the enterprise itself, inspire staff potential, to change drastically present situation of the enterprise.(Article: Chen Mo)