On the morning of March 2, 2019, Anhui Huali Holding Co., Ltd. held the signing ceremony for the 2019 annual business target responsibility agreement. Chang Qiancang, Chairman of Huali Holding, Wang Kun, Mei Shengtao, and Chang Weiping, Vice Chairmen, Zhu Zhengying, Chief Supervisor, Ma Nu, General Manager of Huali Holding, Liang Zhentian, Secretary of the Board, Lv Tao, Director of Human Resources and Administration, Xiong Yanbin, Chief Financial Officer, Wang Liang, General Manager of the Construction Group, Gao Ximing, General Manager of the Investment and Development Company, Dong Zewu, General Manager of Tianxin Construction Company, and Jia Zhongcai, Chief Financial Officer of the Construction Group, attended the meeting.

Chang Qiancang, Chairman of the holding company, signed the 2019 annual business target responsibility agreement with the heads of various companies in the construction sector. The heads of Anhui Huali Construction Group Co., Ltd., Anhui Huali Construction Group Investment Development Co., Ltd., and Anhui Tianxin Construction Engineering Co., Ltd. respectively stated that in the new year, they will ensure the completion of the annual business targets with higher standards, more comprehensive management concepts, and innovative work methods.

Ma Nu, General Manager of the holding company, pointed out that the 2019 production and operation target responsibility document places greater emphasis on performance evaluation and incentives for management personnel. Each subsidiary should combine its own actual situation, accelerate the sorting and decomposition of operation and management objectives, and submit operational budgets. To achieve management replication and supporting operations, we should focus on the secondary assessment and incentives, decompose responsibilities, transfer pressure, and conduct motivation, and fully utilize the incentive and restraint effects of the operational target responsibility document. The holding company will also enhance its participation in the next step, and work together with each company to participate and grow together, ensuring the smooth achievement of the company's overall operational objectives in 2019.

At the signing ceremony, Chairman Chang Qiancang pointed out that signing the business target responsibility agreement is an important measure for the group to improve the modern enterprise system, innovate the responsibility transfer mechanism, and implement the company's strategic goals. The group will strictly assess the annual bonuses of each sector company based on the completion of the annual business target responsibilities, and through a combination of rewards and punishments, form an enterprise ecosystem that rewards excellence and punishes inferior performance.

Chairman Chang Qiancang emphasized that as senior leaders, they must have obligations, responsibilities, and accountability. They must learn, work hard, plan, and control. Firstly, they must think from another's perspective. Secondly, they must be good at solving problems. The general managers should focus on leading the team and implementing the responsibility system. They must "work hard", apply their heart and wisdom to Huali, use their wisdom to solve problems, and strive to change various drawbacks in their past that are not suitable for Huali's development. They should adapt to the changes brought by the marketization process and realize the transformation from "extensive" to "refined" management. Human resources should stimulate and assess the abilities of senior executives. Each sector should select good general managers and talents, "give them positions" and "give them money"; the party committee should strengthen party building, gradually stimulate employees' work enthusiasm through various forms such as holding democratic life meetings; auditing should strengthen supervision and inspection work, conduct multi-faceted interactions, sort out the good, make the bad better, and resolutely clear out those who cannot adapt to Huali's development. Transformation will definitely encounter many difficulties and puzzles, but we must be brave, take big steps, have a strong sense of development, and a stronger sense of learning.